I have set up a KM allowance in MYOB, at .68c per km. I've set it up so i just put in how many km's and it automatically tally's it in payroll. But i cant get it to stop calculating tax on top of it, even though i have selected Exempt from PAYG.
How do i get it to stop taking tax out?
Hi RTWSKerrie
In Setup>General Payroll Information are you Rounding Net Pay Down to a Multiple of 50 cents?
That's what it looks like is happening from your screenshot.
Cheers
Tracey
Hi RTWSKerrie
Sorry for the delay in replying.
No you haven’t buggered anything up 😊
It just rounds your net pays to an even amount by taking the extra cents from the gross and adding it to the PAYG. It doesn’t effect anything in payroll, employees just pay a few extra cents tax each week.
It was commonly used in the old days when we paid cash.
Cheers
Tracey
Hi RTWSKerrie
In Setup>General Payroll Information are you Rounding Net Pay Down to a Multiple of 50 cents?
That's what it looks like is happening from your screenshot.
Cheers
Tracey
I did that!! All fixed!
Thank you Tracey!!!!
Can i ask, if you would know why it would have been set up that way??? Have i buggered up something else in the system?? haha
Phew!!
hahaha
Thank you Tracey!
Hi RTWSKerrie,
Thank you for the post!
It is the only way to prevent tax, could you open the wage category, click on exempt and tick PAYG withholding.
If it is still calculating, please do provide us with screenshot so that I can assist you further on this.
For additional information Allowances.
Do let us know how it goes.
Thank you.
Hi,
Yep had a go this morning and it is still calculating tax.
See pic
I have just checked that, yes it is set up theat way..
What do i change it to?
I didnt do the set up of MYOB, so not sure what that means?
