Recording back payments, bonuses under STP

When paying bonuses and back payments and any other one off payments remember that these types of payments need to be taxed at marginal rates and now under STP Phase 2 any payment over $1200 in prior financial years need to be recorded as lump sum E.

Bonus kind set up

Create a bonus kind for current and prior years bonuses, ensure "apply marginal rate" is ticked so that marginal rate will apply.

Bonus STP Mapping

Back Pays kind set up

Create a back pays kind for current and prior years bonuses, ensure "apply marginal rate" is ticked so that marginal rate will apply.

Back Pays SBR/STP Mapping

Lump Sum E kind set up

Create a lump sum E kind for bonuses and back payments for prior financial years and more than 12 months and more than $1200.00. Ensure the "Record financial year on details" is tick as the financial year needs to be recorded in the payslip.

Lump Sum E - SBR/STP Mapping

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