WebNotify the ATO you're using MYOB for Single Touch Payroll reporting. Payroll categories. What is each ATO reporting category for? Use this information to work out which reporting categories you need to assign to your payroll categories. The STP Phase 2 reporting categories will apply when your business is reporting via STP Phase 2. WebA novated lease is a finance arrangement used with salary packaging. It simply means that your employer pays for your car lease and car running costs out of your salary package through a combination of pre-tax and post-tax salary deductions. A novated car lease allows you to drive the car you want - any make or model, without compromising your ...

Setting up a non-super Salary Sacrifice item (Novated …

WebNovated Lease companies will make money by getting commission on the finance, trailing commission from financier, purchase of vehicle i.e buy from dealer at $5k discount and pass on $3k to you, extra products/accessories and management fees. The average profit margin on each lease is about $5-6k. BigAl_Eve • 5 mo. ago WebFor MYOB’s small business customers, the software provider has secured deferrals extending the compliance deadline by 12 months to 1 January 2024. Larger organisations … unforgotten how many seasons

setting up a novated lease for employee who has purchased a car

WebMYOB AccountRight End of period procedures End of payroll year tasks Prepare payment summaries Payment summaries: Reportable fringe benefit AccountRight Plus and Premier, Australia only If you're registered for Single Touch Payroll (STP), there's no need to prepare payment summaries so we've removed that option from the Payroll command centre. WebOur company has novated lease - below is the breakdown for lease (Payroll details) Vehicle Salary Sacrifice Pre-tax amount $380.43/fortnightly Input Tax Credit - $38.04/fortnightly … unforgotten nicola walker replacement