Forum Discussion
2 years ago
I'm having this same issue. In other payroll software I can include RFB s57a amounts under the threshold.
The ATO states we report each employee's RFBA through STP or on their payment summary. I can't see mention of only including amounts above the threshold, and as an accountant I need to report the RFB in the individual's tax return to arrive at their adjusted taxable income.
The ATO states reporting RESC and RFB through STP is voluntary but surely we shouldn't have to prepare paper payment summaries to report the RFB amounts appropriately?