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bto's avatar
bto
User
4 years ago
Solved

Taxes - Variation

Hi,

I have had a request from an employee to update their tax witholding as follows:

 

Claim tax-free threshold: Yes
Additional withholding percentage: 2.00%
Education loan withholding: Higher Education Loan Program(HELP)
Medicare levy variation: No variation

 

There is no option in MYOB to do this, it can either be -

 

Tax-Free Threshold + HELP - this option doesn't allow me to enter in an additional witholding variation rate.

 

OR 

 

Withholding Variation - this option doesn't allow additional tax-free threshold + HELP

 

Can someone please assist/advise on what I need to do?


Thank you!

 

AccountRight
tax
Taxes
witholding variation
  • Tracey_H's avatar
    Tracey_H
    4 years ago

    Hi bto 

     

    You do need to select either Tax Free Threshold + HELP or Withholding variation in the Tax Table field, it's not possible to select both options for withholding PAYG. If you are wanting to withhold additional PAYG you will need to enter that amount in the Extra Tax field.

     

    Please let me know if you need further help.

     

    If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information.

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  • Tracey_H's avatar
    Tracey_H
    Former Staff
    4 years ago

    Hi bto 

     

    Thanks for your post. Generally, if you are wanting to withhold an extra PAYG amount for an employee you would enter that amount in the Extra Tax field in their employee card>>Payroll Details tab>>Taxes. This help article has more information you may find helpful: Taxes

     

    Please let me know if you need further help.

     

    If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information.

    • bto's avatar
      bto
      User
      4 years ago

      Hi Tracey,


      Thanks for your response - unfortunately this doesn't help in this situation.


      I have attached a screenshot of the employees request and a screenshot of my issue in MYOB (not being able to add a variation once Tax-free threshold + HELP is selected).

       

      Please let me know if you have any further suggestions.


      Thank you,

      Bec

      • Tracey_H's avatar
        Tracey_H
        Former Staff
        4 years ago

        Hi bto 

         

        You do need to select either Tax Free Threshold + HELP or Withholding variation in the Tax Table field, it's not possible to select both options for withholding PAYG. If you are wanting to withhold additional PAYG you will need to enter that amount in the Extra Tax field.

         

        Please let me know if you need further help.

         

        If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information.