JenDPT
31 days agoExperienced Cover User
Payroll giving
Hi there
I am using MYOB Business Payroll and am looking at setting up Payroll giving.
I need to do the following:
Deduct the donation amount your employee has requested from their salary or wage.
Work out the tax credit for each donation an employee makes. The amount is 33.33% of the donated amount. Reduce your employee’s PAYE by this amount.
Record the tax credit for each employee when you submit your employer monthly schedule.
Is this something that is available in Business Payroll? or would I have to manually work it out for each deduction/pay run?
Thanks for any help/clarification.