Forum Discussion
Hi Deanne001,
Thank you for your post. We understand the frustration you're facing with MYOB applying the wrong tax rate. AccountRight often relies on the details provided by employees on the self-boarding form for tax rates. Double-checking the information your employee entered during self-onboarding might help resolve this. You can modify and select the correct tax table. Ensure that you have selected the "OK" button to save the changes. If the issue persists after ensuring the correct details are saved, then we can investigate this further.
Cheers,
Princess
Hello Princess,
As per the original post, the employee has answered the questions correctly - it is MYOB applying the incorrect tax rate to the employees' responses. If paid weekly, a minor who does not declare a TFN does not have tax withheld from pay. MYOB is applying the No TFN resident tax rates rather than the Tax Free Threshold tax rates. This is from the ATO:
Employee is under 18 years old
The amount you need to withhold from payments to the employee is nil if all of the following 3 conditions are satisfied:
- The individual is under 18 years of age.
- The individual has not provided you with a TFN declaration (NAT 3092).
- The amounts you pay to the individual don't exceed
- $350 where you pay the individual weekly
- $700 where you pay the individual fortnightly
- $1,517 where you pay the individual monthly.
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