Thank you for visiting our Partner Zone. This area is an exclusive space for MYOB Partners. Find out how to Partner with MYOB.
October 2022
October 2022
Hi,
Sorry I'm a bit confused. I am processing a termination payment which includes genuine redundancy. Why my MYOB is withholding a tax on the ETP-Lump Sum D payment? I was expecting it to give tax-free (as in NIL PAYG withholding) as the payment is within the tax-free limit. Is there something wrong in my MYOB set up or am I expected to just manually NIL the PAYG?
Thanks in advance.
November 2022
November 2022
Hi @JonB1
AccountRight will treat any wage category as being included in the wages to be taxable unless you have indicated that it should not be.
To make a category not included in the taxable wages amount complete the following process:
The following process will make that wages payroll category not be included in the PAYG withholding calculations.
Please consult your accounting advisor, the ATO and/or Fair Work Australia (or a similar organisation) for more information on the requirements of making or not making exempt from PAYG.
11
|
2250
|