PAYG Withholding - Large Cycle - Due Weekly

ptadelconst

Hi, as of 1st July 2024 we are required to pay our PAYG Withholding Weekly, and no longer need to report on our monthly BAS. What changes to do i need to make in MYOB to stop the PAYG Withholding from showing on my BAS report? I cannot see an option on BAS Info page to select 'weekly'

Princess_R

Hi @ptadelconst

 

Thank you for reaching out about changing your PAYG withholding reporting from monthly to weekly. MYOB doesn't currently offer a weekly reporting frequency for PAYG. Since this can get a bit tricky and we can't give financial advice, it'd be best to consult with your accountant about the best way forward for handling PAYG. Let us know if there's anything else we can help you with. 

 

Cheers,

MYOB