The main change to the Payment Summary (Group Certificate) format this year relates to reportable employer superannuation contributions. The new format is available and ready for use. (Setup Menu -> Payroll -> Payment Summary)

Reportable contributions are defined as extra contributions to the compulsory 9% contributions that are influenced by the employee. The most common reportable contribution type is a salary sacrifice arrangement.

The amounts need to be reported in a separate box on your employee's payment summary. To automate this process Shoebooks has made changes to the Super setup table in payroll setup. (Setup Menu -> Payroll -> Super).
 
There is a new column SGC to indicate if a super type you use is part of the compulsory 9%. Shoebooks has automatically tagged "Super" as being SGC. Please review your Super setup if you have created your own super items.


Any super item set as a "Pre tax" type "Deduction" will automatically be reported. This setup is what how a salary sacrifice is setup in Shoebooks.

Note: Member voluntary super contributions are not reportable as these are after tax has been calculated and are deducted from the employees net pay.

You can read the ATO guide on reportable employer superannuation contributions here.




Comments (0) | Trackbacks (0) | Permalink