Forum Discussion

Mylene's avatar
Mylene
Experienced Cover User
3 years ago

Additional Tax + NO TAX FREE THRESHOLD + HELP

I need help working out how to tax an employee who   Pays an additional 26% Has a Help debt Has No Tax Free threshold (as this is his second job) If I change him from No Tax Free Threshold + H...
additional tax
Payroll
withholding variation
  • LRBooks61's avatar
    LRBooks61
    3 years ago

    Hi

     

    Well that is a problem, perhaps he could nominate an amount per fortnight ,which would make it easier for you.

     

    However , if you have to made the calculations prior to payroll processing then you could add the additional tax to be paid by overwriting the PAYG Withholding in the pay itself 

     

    That's the only suggestion I can come up with but it would save having to use the other payroll category which I think is problematic

     

    Hope that helps

     

    Lisa

Mylene's avatar
Mylene
Experienced Cover User

He pays 26% on his gross wage.

 

Unfortunately, he is casual so the hours vary each fortnight and the amount varies pay to pay.

LRBooks61's avatar
LRBooks61
Ultimate Cover User
3 years ago

Hi

 

Well that is a problem, perhaps he could nominate an amount per fortnight ,which would make it easier for you.

 

However , if you have to made the calculations prior to payroll processing then you could add the additional tax to be paid by overwriting the PAYG Withholding in the pay itself 

 

That's the only suggestion I can come up with but it would save having to use the other payroll category which I think is problematic

 

Hope that helps

 

Lisa

  • Mylene's avatar
    Mylene
    Experienced Cover User
    3 years ago

    That's what I was wondering, Lisa.

     

    So, is overwriting the PAYG to include the additional 26% acceptable?

     

    I can do that, but I would have preferred not to. It's so easy to forget to make it a negative number (I've done that before!!).

     

     

     

    • LRBooks61's avatar
      LRBooks61
      Ultimate Cover User
      3 years ago

      Hi

       

      Indeed , we ar only human, cut us and we bleed!!

       

      Yes exactly add the addtional on and make sure you are fully caffinated so that the - goes in front.

       

      This is why payroll can be such a nighmare  - peoples expections!!!

       

      Good luck 

       

      Lisa

      • Mylene's avatar
        Mylene
        Experienced Cover User
        3 years ago

        Thanks, Lisa.

        Really appreciate your input.

        Have a great weekend!

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