In the past I have done the PAYG Withholding payment through Pay Liabilitys & paid through our bank account.
But this year the PAYG Withholding is being lodged monthly through the ATO online servies & the ATO applied a credit from our ATO account to pay the PAYG Withholding. Now I do not know how to record the PAYG Withholding & payment in MYOB as the money did not come out of our bank account.
Please advise, thank you
Hi KyBenno,
Thank you for your post and welcome to the Community Forum.
In this regard, if you are an individual taxpayer or sole trader, you can make a request to start PAYG installments using your myGov account linked to the ATO’s Online services. Select Tax, then Manage, then Enter PAYG installments. You can check out this Help Article: Recording your ATO payment or credit has detailed information that you can use as a reference.
If you have questions or concerns, please feel free to post again. We are happy to assist you.
If my response has answered your enquiry, please click "Accept as Solution" to assist other users find this information.
Kind Regards,
Cel
