 How Do I?
How do I complete the Fringe Benefits Tax Year?
The Fringe Benefits Tax (FBT) Year closed on the 31 March 2003. For those of you using Pay2k to record and calculate your FBT payments to Staff, you will need to close off the FBT End of Year in Pay2k before processing your first pay for April.
To close the FBT Year in Pay2k:
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Go to END PERIOD>FBT END OF YEAR ROLLOVER
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The FBT End of Year rollover copies the current FBT figures, which have been accruing since last April, from the POST APRIL FBT field to the PRE APRIL FBT FIELD. It then clears the post April figures ready for the start of a new FBT year.
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The PRE APRIL FBT figure is used on the current financial year payment summaries (group certificates) while the POST APRIL FBT begins to accrue the FBT for the next financial year
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For those of you who have your FBT calculated by an external body this process is not required. You will enter the FBT figure supplied to you by the external body in June into each employee's pre April FBT figure using the following method:
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Go to MAINTENANCE>EMPLOYEE DETAILS
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Find the first employee who has FBT figures to enter
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Select the HISTORICAL tab
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Enter the FBT figure supplied to you. If you have been supplied with the 'grossed up' value, make sure the FBT rate in MAINTENANCE>TAX CONSTANTS is set to 1 otherwise Pay2K will gross up the value again.
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Website of the Week
www.cybersmartkids.com.au
Kids spend a lot of time surfing the internet and chatting online. After all, the internet is a source of entertainment as much as it is an educational tool.
With the school holidays upon us, kids are probably going to spend more time than usual online. The Cybersmart Kids site is produced by the Australian Broadcasting authority and has useful tips for kids, teachers and parents to help protect them from the potential risks associated with surfing the worldwide web.
There is a handy list of Cybersmart Rules that can be printed and kept near the computer so that kids can refer to them as necessary. Once kids have read the rules ask them to take the Cybersmart Quiz. It will really help to reinforce each rule.
The links to Kids Coolsites are great and worth bookmarking. They range from fun entertainment and activity sites to help sites for homework and school projects. There are also links to sites that provide advice and assistance for their health and wellbeing.
The tips and links in the Cybersmart Parents section will help to make you aware of the risks faced by kids using the internet and give advice about how you can minimise these risks.
Safe and happy surfing!
Link to Websites of the Week on the Human Edge Website
Last week we told you about the links to past Websites of the Week that we have included on the Human Edge website.
You can access these using the following link:
http://www.humanedge.biz/Links/websiteoftheweek.htm
Quote of the Week
"The worst bankrupt in the world is the person who has lost his enthusiasm."
H.W. Arnold
For more information, please contact:
Heather McKay
Human Edge Software
Phone: 1300 301 931
Fax: +61 3 9690 2802
Email: pay2k@humanedge.biz
Human Edge adheres to a policy of not sending unsolicited (SPAM) e-mail. You are receiving this e-mail because you are listed as a contact for a product or service that our organisation provides or have requested that this service be activated for you. If you are receiving this message in error or wish to have our records changed please advise us via return e-mail or call us on +61 3 9690 5044
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