Hi, I am setting up a new employee who has ticked both boxes on his TFN declaration for HELP and Financial Supplement debt.
Does anyone know what tax table code in MYOB I use for this? There only seems to be Tax free threshold + STSL and I don't know if this covers the Financial Supplement debt as well?
Thanks
Hi Roanne
I recommend checking out the ATO's full list of Tax Tables for more information about how much tax to deduct in your specific situation: Tax tables.
We also have a Help Article on the PAYG calculations, and at the bottom, it goes through what the abbreviations mean in the tax tables.
Hope that helps.
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