Extra Tax out for Employee and STP Implications

This thread is now closed to new comments.
Some of the links and information provided in this thread may no longer be available or relevant.
If you have a question please start a new post.
Fishcounter
Experienced Cover User
23 Posts
Experienced Cover User
Experienced Cover User

23Posts

1Kudos

1Solutions

Solved: Go to Solution

Extra Tax out for Employee and STP Implications

Hello,

 

One of our employees has two jobs so would like to pay extra tax in her job with us to avoid a huge tax bill at the end of the year.

 

Is this possible whilst remaining compliant with STP?

 

 

 

 

 

 

2 REPLIES 2
Emily_B
1,327 Posts
Former Staff
Former Staff

1,327Posts

0Kudos

170Solutions

Accepted Solution Solved

Re: Extra Tax out for Employee and STP Implications

Hello @Fishcounter 

 

As far as the software goes, it is possible to deduct an additional amount of PAYG from an employee's pay, and you can do this by entering the additional amount in the employee's card.

  1. Open the Card File and edit the employee's card.
  2. Select the Payroll Details tab.
  3. Select the Taxes tab.
  4. Enter the extra PAYG deduction amount in the Extra Tax field.

The calculated PAYG Withholding amount will be increased by the amount you input and will be reported to the ATO via STP. Please see this Help Article on taxes in AccountRight for full information.

 

That said, as to your query on the reason behind doing the above, I would recommend double checking with the ATO as far as STP and tax compliancies across multiple jobs. 

Kind regards,
Emily

MYOB Community Support

Fishcounter
Experienced Cover User
23 Posts
Experienced Cover User
Experienced Cover User

23Posts

1Kudos

1Solutions

Re: Extra Tax out for Employee and STP Implications

Thanks Emily will do.

 

Didn't find your answer here?

Try using advanced search to find a post more easily Advanced Search
or
Get the conversation started and make a new post Start a Post