Does MYOB payroll automatically process the tax to ATO and super contribution to the nominated Fund?

Question

Hi,

I am a brand new user of MYOB. I am new in accounting space. I have a question about whether MYOB can automatically process the tax to ATO and also the super contribution to the nominated Fund. I am new in the accounting world trying to establish a small business on my own. I have heard that one needs to go to their tax agent(accountant) periodically with employee playslip data to process the tax amount to ATO and Super Fund., i.e @About every 3 months or so, Is this correct? My understanding was that everything would be completed (including transferring the tax amoun to ATO and Super) when we process the payroll.

Princess_R · Answer

Hi @hiddencorner,

Thanks for checking in, @Kimboo got it right!

MYOB calculates and reports PAYG withholding, but it doesn't automatically pay that PAYG amount to the ATO for you. You still need to remit it separately, when you lodge your BAS.

Cheers,

Princess

Kimboo · Answer

Hi Anna

Myob in my experience does not pay the payg tax contribution to the ATO, we pay it when we put our Bas in.

hiddencorner · Answer

Hi!

I am also interested in this question which I don't think has been completely answered.

The question I have is whether MYOB automatically pays the employee's PAYG tax contribution to the ATO on my behalf? Or is this something that I need to do separately.

Thank you

Anna