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December 2019
December 2019
Hi,
I use MYOB AccountRight. I have just had an part time employee leave to take on another job. She has 15.30 hours of unused annual leave. I am aware it is a requirement to add the annual leave loading of 17.5% onto the payment of the unused annual leave, however there is no "unused annual leave loading" category. Am I supposed to create one, or just adjust the amount (by adding the extra 17.5% calculated on the amount of unused annual leave pre-calculated by MYOB software)?
What is the best way to move forward without confusing the ATO or making a mistake?
Thank you very much for your feedback,
Kind Regards,
Jackie Bell
Solved! Go to Solution.
December 2019
December 2019
Hi @JackieBell
You can create an Unused Leave Loading payroll category to make sure it is reported correctly through STP. These support notes may be helpful -
Create payroll categories for termination payments
Assign ATO reporting categories
You might also find this link useful in calculating PAYG on termination pays - ATO - tax table for unused leave payments
Please let me know if you need further help.
Cheers,
Tracey
Previously @bungy15
MYOB Community Support
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December 2019
December 2019
Thank you very much, Tracey
Sorry for the late reply!
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