GPL Financial Group GPL Partners

Checklist for Employers Year-end

A few extra matters to consider when preparing employee payment summaries

Have any allowances been paid to employees? Should such allowances be shown?
Has a travel allowance been paid for overnight food and accommodation? Does the substantiation exception apply?
Has an employee(s) been paid a cent per kilometre reimbursement? Such amount must be included as an allowance (as it is not strictly a reimbursement, notwithstanding that it is commonly referred to as such).
Have you included employees that are also related parties of the business (e.g. family members)?
Do payment summary totals match amounts disclosed on Business Activity Statements?
Have superannuation and fringe benefits been reported accurately?

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