Forum Discussion

Kirsti1's avatar
Kirsti1
Contributing User
2 years ago

Company paying extra tax for employee

Hi guys Can my Company pay extra tax for my employees?  I am wanting to add to their tax, from the Company, a few extra dollars each week.  
  • Julie_A_C's avatar
    Julie_A_C
    2 years ago

    Hi Kirsti1 

     

    You don't need to do anything except enter it in the employee's card as extra tax each pay and the system will do the entries correctly and report total wages and tax correctly.

     

Kirsti1's avatar
Kirsti1
Contributing User

Hi Sai

Thank you for getting back to me.

Does that mean I will put in the payable linked account to PAYG Withholding

and the expense linked account to Wages and Salary?

 

Julie_A_C's avatar
Julie_A_C
Ultimate Cover User
2 years ago

Hi Kirsti1 

 

You don't need to do anything except enter it in the employee's card as extra tax each pay and the system will do the entries correctly and report total wages and tax correctly.

 

  • Kirsti1's avatar
    Kirsti1
    Contributing User
    2 years ago

    Hi Julie

     

    Processing this as extra tax, would this would reduce their nett income or will the extra tax increase their salary?

     

     

    • Julie_A_C's avatar
      Julie_A_C
      Ultimate Cover User
      2 years ago

      Hi Kirsti1 

       

      It will reduce their nett income.

       

    • Isaiah_C's avatar
      Isaiah_C
      MYOB Moderator
      2 years ago

      Hi Kirsti1,

       

      Thank you for your patience. Do you still need assistance with this? Please let us know if you still need help and we'll be glad to assist you.

       

       

      Please let me know if you need further help.

       

      Kind regards,

      Sai

    • Isaiah_C's avatar
      Isaiah_C
      MYOB Moderator
      2 years ago

      Hi Kirsti1,

       

      Thank you for your patience. I'll be closing this thread now. If you still have any concerns, please feel free to post in our Community Forum.

       

       

      Please let me know if you need further help.

       

      Kind regards,

      Sai 

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