Did you know that backpays that relate to a period more than 12 months ago, and are above $1,200, are reported as Lump Sum E?
If you’re not sure if a back payment should be reported to the ATO as a gross payment or lump sum E, speak to your advisor or if you are a member of Australian Payroll Association, just call our helpdesk.
For this and all other payroll questions you might have, join Australian Payroll Association for year round support and answers to your payroll questions.
