ETP Tax Withheld, correction to be made
Hello, I've had 2x staff members receive ETP payments when resigning and have incorrectly coded the tax component as PAYG, not ETP Tax Withheld. I have the categories set up correctly in MYOB but...
Forum Discussion
Hi GregApps,
This happens a fair bit when the ETP payments gets put under PAYG Withholding by accident. The fix is just to flip those amounts into the right ETP buckets and push an STP update so the ATO picks it up properly. Before anything else, make sure you back up your file. And because the employee’s been terminated and already reported through STP, there might be a couple of extra steps before you can record an adjustment. No stress, the full steps you need are on this link.
Cheers,
Princess
