Forum Discussion
Hi ADonald,
I see you're looking to tweak your financial year 22/23. If you've already got a pay run going for the current financial year, you won't be able to go back and change 22/23. That's because the payroll year showing in STP EOFY is only 23/24 and 24/25. But don't worry; you've got a couple of options to fix up the financial year 22/23. You can either lodge manually straight to the ATO, or if you've got a backup for the financial year 22/23, you can restore that backup and make your changes there.
Feel free to get in touch if you need more help.
Cheers,
Princess
- ADonald3 months agoExperienced Cover User
Hi,
Thanks for your reply. I'm not looking to tweak my financial year for 22/23.
I am ready to lodge my STP phase 2 but I have one employee who has a RFBA to declare but they are not showing on the list of employees for 23/24 as they terminated in May 23. However they still had a RFBA amount (paid from FBT year 01/04/23 to May 23) that I need to declare in the 23/24 income tax year.
So my issue is - how do I report an RFBA for a staff member who terminated at the end of the prior Financial year?
- Princess_R3 months agoMYOB Moderator
Hi ADonald,
I see you're trying to report an RFBA for an employee who left last financial year. If you haven't run payroll for the current year 24/25 and you're still wrapping up 23/24, you can process a $0 pay for that terminated employee who didn't earn anything. This lets you declare the RFBA for the 23/24 tax year. But if you've already started on the 24/25 payroll, you'll have to manually lodge the RFBA with the ATO. For more details, you might want to check out this Help article: Reportable fringe benefit amounts (RFBA) with Single Touch Payroll reporting. If you need more help, head over to myob.com/support or myaccount.myob.com to find MOCA, our virtual assistant. MOCA can connect you to our live chat team if you need further assistance.
Cheers,
Princess
- ADonald3 months agoExperienced Cover User
Thanks!! Had tried Moca and live chat as well as email support. Your reply is very helpful - thanks!
Update - I processed a $0 pay in 23/24 and she is now showing in the required RFBA list for 23/24.