Incorrect PAYG for Working Holiday Maker
We have just run our first payroll this financial year in MYOB business And it has incorrectly calculated the PAYG withholding the employees set up correctly with the payroll for a single week and cl...
Forum Discussion
Hi ClareM,
Thanks for checking the ATO calculation. The 30% rate usually happens if the employee has gone over the $45,000 YTD threshold, your business isn’t registered with the ATO as a WHM employer, or the employee’s setup in MYOB isn’t quite right. Please double-check the employee card and make sure the Working Holiday Maker tax table, income type, and home country are entered correctly. You can also have a look at this Community thread, which goes through the tax rate setup in more detail.
Cheers,
Princess
this is what the card currently shows:
these seem correct aren't they, does the $45000 limit start on day 1 by annualising their pay and if so why as most of these people are casual and never work anywhere very long.
Hi ClareM,
Thanks for the follow-up. The $45,000 threshold is based on the employee’s actual earnings for the financial year. If the employee setup looks correct, it’s best to contact your accountant or the ATO to confirm and for further help.
Cheers,
Princess
