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davina2024's avatar
davina2024
2 months ago

Tax HELP calculation

I have an employee who has HELP debt.  The tax deductions that MYOB have done and the employee MYGOV do not correspond.  I have done a manual calculation and it corresponds to the amount that MYOB has deducted for gross tax, but her ATO MYGOV does not correspond.  At first I thought it was that our PAYG payments were made at the end of each following month, but she is out 22/23 $744.99 and 23/24 $404.95.  I checked that the tax file was updated- yes it was.  Any suggestions on how to get a full report from MYOB on how it has allocated the HELP tax?

  • Genreve_S's avatar
    Genreve_S
    MYOB Moderator
    2 months ago

    Hi davina2024,

     

    If there's a difference between MyGov and your file, it usually means the employee isn't set up with the correct tax tables. I suggest checking the employee card to ensure all details are accurate. This link may help with the process. Also, reviewing the historical data of pay runs might help identify what's causing the discrepancy.

     

    Feel free to create a new thread if you need any other help.

     

    Thanks,

    Genreve

  • davina2024's avatar
    davina2024
    2 months ago

    I have done a spreadsheet and manually calculated every tax deduction in the financial year and it does not match up with her MYGOV.  Is there a report i can get through MYOB that shows what the HELP calculations on each pay is?

    • Princess_R's avatar
      Princess_R
      MYOB Moderator
      2 months ago

      Hi davina2024,

       

      You can check out the payroll reports like the payroll register and payroll summary in MYOB. These reports give you detailed info on the deductions for each employee for each pay period. This should help you manually verify the calculations and spot any discrepancies between your manual calculations and the figures reported in MYGOV.

       

      Cheers,

      Princess

      • gavin12345's avatar
        gavin12345
        Ultimate User
        2 months ago

        Hi davina2024 

         

        If the employee is attached to the correct tax table (see Card > Employees > Payroll  Details > Taxes) MYOB will calculate any applicable extra for a HELP debt and will add this to the PAYG amount.  The total shown on the Payroll Register Summary (YTD Report) should match exactly the amounts appearing on the employee's income statement - as this is where the figures come from. This is because the HELP component becomes part of the PAYG.

         

        If however you set up a deduction payroll category for a HELP component (not recommended), and this payroll category is not assigned to PAYG, this could explain why there is a discrepancy.

         

        Fixing the issue depends on first identifying cause. Update this thread with what you find.

         

        Regards

        Gavin

  • davina2024's avatar
    davina2024
    2 months ago

    The employee is attached to the correct tax table.  Is there a report which clearly shows the HELP component of the PAYG?

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