H.E.L.P. SETUP

[JANELLE]

Hi,

I have been told by accountant that HELP deductions should not be set up as a deduction but as a tax so that the ATO can allocate to the correct person.

Issue is that under the Taxes heading in Payroll Categories you cannot add anything else as the "New" tab is greyed out.

Can you please advise on this how I get this into taxes to be paid to ATO so it can be allocated to the correct person.

Also how do I have the deduction already made reversed from deduction to tax to that the ATO recognises.

Payments have always been made i.e: Monthly PAYG is $4,000 with HELP of $400 so $4,400 is payd to ATO, but it appears the $400 is sitting in limbo. THese figures are fictitious for this.

Many thanks

Janelle

[gavin12345]

Hi @JANELLE 

Ignore your accountant's advice (which is incorrect) and follow the advice of the software developer (MYOB). HELP should not be setup as a deduction, you simply need to ensure the tax table selected for this employee includes HELP (now know as STSL). For example Tax Free Threshhold + STSL. MYOB will take care of the extra tax and its reporting.

Regards

Gavin

[Doreen_P]

Hi, @Janelle 

Thanks for your post. 

As mentioned by @gavin12345, kindly make sure that your current tax table is updated and that you were able to assign the correct tax table on the employee's card file. This is to ensure that STSL will be calculated correctly as this is automatic on AccountRight. To know more about assigning tax tables on the employee card, kindly check The Help Article: Taxes. 

Please let us know if you require any further assistance with this. We are happy to assist.

Best regards,

Doreen