Maximum Contributions Base for SG
Is there a way in MYOB so that as part of the SG calculations MYOB reviews if the Maximum Contributions Base for SG is reached and then stops calculating SG on further wages. Its my understanding SG...
Forum Discussion
Hi Nicole_17,
Currently, there isn’t a setting in MYOB to automatically stop calculating SG once the Maximum Contributions Base is reached. You’re correct that SG has to be calculated on all wages until this cap is met, and currently, the process involves manually checking quarterly wage reports and adjusting payroll as needed.
Regards,
Earl
