cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Want an expert to help you set up your QuickBooks Online? Find out how: Click here

Reply to message

View discussion in a popup

Replying to:
IntuitAika
Intuit

Reply to message

Hi AS262, 

 

Thanks for posting in the Community! Employers that are exempt from fringe benefits tax and have enabled it in the ATO Settings, will now be provided with an additional setting. This setting deals with separating entertainment-related fringe benefits from other fringe benefit amounts.

 

If employees are eligible, you must configure the business settings to allow separate reporting of RFB amounts.

 

To enable separate reporting:

 

  1. Navigate to Employees in the left hand menu.
  2. Select Payroll Settings, then ATO Settings.
  3. In the ATO Settings, select Yes under Are employees entitled to a separate cap for salary packaged entertainment benefits as per section 6.5 of the Fringe Benefits Tax legislation?
  4. Select Save.

For more information, you can also check on this article: End of Financial Year Processing using STP - Frequently Asked Questions

 

Feel free to drop a comment below if you have any other questions. Have a great day!