HELP debt category Payroll
I can not set up a HELP debt as I cant assign the payroll category and STP will not process. MYOB told me to ring ATO. Can I use non reportable best one out of 5 offered
Thank you I have wasted so much time on this.
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Hi Borrett012
From my understanding, The HELP mandatory repayments are deducted automatically and included in your employee's PAYG when the tax is calculated.
To check the Withholding payroll category is set to include the HELP tax table - Payroll > Payroll Categories > Taxes.
If you need to set up a voluntary additional HELP repayments this help article explains how to set that up: Deductions.
Finally here is our guide on assigning the ATO reporting categories: Assign ATO reporting categories for Single Touch Payroll reporting.
As always we always recommend you do check with your accounting advisor or the ATO if you are unsure.
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