Hi,
When doing final pay - I have paid RDO hours, ETP Taxable.
My question is - do you manually have to enter the tax on this payment when doing this so the ETP-Tax withheld category is used? The payment I did has PAYG Withholding which should be ETP-Tax Withheld.
example below.
Thank you
HI Doreen,
Didn't really help me, sorry. Don't understand what 'tax wouldn't be automatically move for you' means.
When I did this pay above, RDO payout (ETP), it automatically comes up with PAYG, but my understanding is that it should be ETP - Tax withheld on this payment and not PAYG.
So I should have manually changed this PAYG to the ETP Tax withheld category? Just seeking clarification on that for the reporting side of things.
Thank you.
khsper
Hi khpser,
Sorry for the confusion and good question to be asking, especially with ETPs needing to line up neatly on the reporting side. Because the difference between using ETP – Tax withheld and PAYG Withholding can affect how things land with the ATO, it’s worth getting this one right. The safest move is to check in with your accountant or tax adviser so they can confirm which bucket that tax should sit in for this specific RDO payout, then you can update the pay so everything looks spot on in your reporting.
Cheers,
Doreen
