Payroll Advice
The Payroll Advice is sent to the designated Payroll Officer each time an employee begins salary packaging or whenever there is a change to a package that alters the employee’s future salary deductions. This advice specifies the amount to be deducted pre-tax and post-tax (if applicable) from the employee’s salary, and specifies any budgeted FBT liability to be deducted (if any).

Bank Reconciliation*
This comprehensive Bank Reconciliation Report details the current balance in the employer account, the sub-balance of each individual employee, and reconciles all the transactions for the period (including employees’ individual payment transactions). This offers full transparency for the employer to review all incoming and outgoing funds from their salary packaging account.

Goods & Services Tax (GST)/ Input Tax Credit (ITC) Report*
The GST Report is issued on a monthly basis. It summarises on a per employee basis, the Input Tax Credits that the employer is eligible to claim for any salary packaged benefits paid in the previous month. The employer can claim and remit Input Tax Credits as a lump sum, as Southgate automatically tracks and reconciles these into each individual employee’s salary packaging account.

*These reports are available within the Online Portal for employers, 24 hours a day, 7 days a week.

Fringe Benefit Report
A Fringe Benefit Report will be issued at the end of the year. It includes all information that an employer requires to complete their FBT Return, presented in a user-friendly format with data displayed under the same labels as used by the ATO for easy processing.

Fringe Benefit Tax (FBT) Liability Report
An FBT Liability Report summarises the FBT liability arising through the administration of the employee’s salary package, showing the taxable value, grossed-up taxable value and total FBT liability on a per employee basis.

Taxable Value Report
The Taxable Value Report further breaks down the total taxable value on a per employee basis into the type of fringe benefit provided e.g. motor vehicle expenses and expense payments etc.

Reportable Fringe Benefits Amount (RFBA) Report
The RFBA report summarises the Reportable Fringe Benefits Amount to be included on an employee’s annual Payment Summary. Where an employee does not incur an FBT liability, an RFBA will still be issued (based on the lower gross-up factor) where the Taxable Value of benefits exceeds $2,000.

Motor Vehicle Report
The Motor Vehicle Report summarises each individual employee’s novated or associate lease, showing all necessary information such as FBT base value, days unavailable, opening and closing odometer readings, annual kms, RCM and net taxable value.