Forum Discussion
The exemption from tax for the first $320 was removed quite a while ago if you have this marked as tax exempt you “may” find this is the issue
All fixed, it was marked as tax exempt = I removed this and processed all pays as $0 and all fixed now.
thanks heaps
- gedwards5 years agoCover User
I also had this problem at the end of year payg summaries....problem resolved when changing the leave loading from exempt from PAYG and then running a zero pay for those employees. This fixed the totals in the EOFY summaries.
My question now is.....Is the leave loading now not exempt from PAYG.. had always thought it was exempt??
- PaulBihet5 years agoUltimate PartnerThe exemption for the first $320 was removed in 2012
See page 3
https://www.ato.gov.au/uploadedFiles/Content/MEI/downloads/BUS00319019N10050512.pdf - KerryGee5 years agoContributing User
I’m really not sure, i thought under $320 was exempt. Although, I have just started a new MYOB account and the preset wage category only has Leave Loading (one category)??? Any advice would be nice :-)
- PaulBihet5 years agoUltimate PartnerAlso this year ATO has “clarified “ (I think that is another word for changed their mind) that leave loading will as a general rule be classified as ordinary time earnings and be subject to super unless specifically paid as a payment for lost normal overtime Got to love the ATO ordinary time earnings when they are not even at work!!!