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06 Aug 10 More on Reportable Superannuation Contributions

MEMBER 243 writes:

"Every PAYG summary that I have reviewed that involved salary sacrifice has been incorrectly produced. It does not matter if the preparer was an untrained bookkeeper, an accountant, or one of my staff. I can understand the need for a "fair" tax system to need this information as I am as smart as the Treasury boffin who designed this system. However the ordinary people in Australia are unable to cope with these intricate details in their lives. The result of this will be many hours spent getting the ATO to correct these errors in the Reportable Superannuation Contributions. Luckily most of my clients fall outside the range of taxpayers that this variable affects."

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