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Helen17's avatar
Helen17
Experienced User
2 years ago

PAYG reduced in July 2023 for Employee with Tax Free Threshold plus STSL

Good morning Our employee is claiming the Tax Free Threshold plus STSL (HECS) and advises that the HECS amount is 1% of her gross pay ($9.00). Pay on 21.06.23  has PAYG as $165.00 while on pay 19.0...
  • gavin12345's avatar
    gavin12345
    2 years ago

    Hi Helen17 

     

    This is normal around 1 July as each year the ATO changes the point where STSL applies, based on CPI etc. It is likely this employee is no longer liable for STSL.

     

    To check MYOB is calculating the correct PAYG, you need to compare the amount deducted against PDF tax tables available from the ATO website. If these show the PAYG is wrong, you need to then look into why. You would need to provide more information, such as payroll categories used, amt for each payroll category, whether any are exempt from PAYG, is the employee paid weekly or fortnightly etc. With this information someone might be able to identify what is causing the discrepancy.

     

    Regards

    Gavin

gavin12345's avatar
gavin12345
Ultimate User
2 years ago

Hi Helen17 

 

This is normal around 1 July as each year the ATO changes the point where STSL applies, based on CPI etc. It is likely this employee is no longer liable for STSL.

 

To check MYOB is calculating the correct PAYG, you need to compare the amount deducted against PDF tax tables available from the ATO website. If these show the PAYG is wrong, you need to then look into why. You would need to provide more information, such as payroll categories used, amt for each payroll category, whether any are exempt from PAYG, is the employee paid weekly or fortnightly etc. With this information someone might be able to identify what is causing the discrepancy.

 

Regards

Gavin

  • Helen17's avatar
    Helen17
    Experienced User
    2 years ago

    Thanks Gavin - much appreciated.

    Have looked at tax tables and it confirms issue.

    • Doreen_P's avatar
      Doreen_P
      MYOB Moderator
      2 years ago

      Hi, Helen17 

       

      Thanks for updating us.

       

      Glad to hear that the resolution provided by gavin12345 was able to answer your query. Please feel free to post again if further assistance is needed. We are happy to assist.

       

      Best regards,

      Doreen