Hi ELC-Leo,
Thank you so much for your post. I would recommend speaking on your Accountant on how they will setup the employee card file. They system will automatically calculates the tax depending on what they entered on the employee TFN declaration.
Kind regards,
Earl
Hi Earl,
Thank you so much for your response.
For 15 years, I have been the one to set up the employee card, not our accountant.
The problem and confusion has come from the new self-onboarding system. If they had completed paper forms as was the process in the past, we would have manually chosen the correct Tax Table as "No Tax Free Threshold".
Having read the MYOB documentation, I understood that AccountRight would automatically fill the correct Tax Table for the employee based on what the employee enters in the tax section of the self-onboarding.
However, I believe that MYOB has not selected the correct Tax Table for these employees.
They are exempt from providing a Tax File Number, but according to the ATO, they do not come under the "No Tax File Number Resident" tax category. They should only have $18 withheld per fortnightly $100 gross earnings, not $47 per $100 as MYOB has calculated. So based on their responses, MYOB should have automatically selected "No Tax Free Threshold".
So, does MYOB select the correct tax table based on the employee self-onboarding response? Or doe sit not?
Should all AccountRight users ignore the category that MYOB selects automatically because it could be in error, and continue to choose the category manually as we did before self-onboarding?
Regards.
