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Using MYOB Accountright Plus 2019.2 I have Employees who pay Extra PAYG, however I have done it in their Wages as a liability account. Now with STP reporting (just started and trying to get it right before EOFY) it is not picking it up as a separate line item (should it?).
Need help. Thank you
Solved! Go to Solution.
I think @bungy15 has covered the recommended process for ensuring that extra tax is paid to the employee with the link to STP extra tax payment. The only thing that I would add is that this value is not separate but is added to the PAYG withholding amount for the employee. For example, if they have $100 set as extra tax and they would normally get $50 PAYG, the PAYG withholding amount for that pay and consequently for payroll reporting would be $150 (normal + extra amount).
Sorry we didn’t clarify the problem when asking for help. Karen has already processed the final pays for the year so how does she get the extra PAYG to report through STP?
Hi Karen. I never received a reply nor even any suggestions from MYOB. In my clients situation we came to the conclusion that the extra tax could only be catered for by including it in the Extra field within the employees tax profile. Of course this doesn't show up on Pay Advices! I do feel we need the option to be able to add another category within the Tax list.
In your case I suspect your only option will be to manually add the extra tax to the YTD PAYG Withholding and ensure the Extra tax deduction is flagged as Not Reportable.
My thoughts for what they are worth.
HALLELUJAH - I HAVE THE ANSWER!!!
If you have put your EXTRA PAYG through Categories (to show on the payslip as a separate item and it is not showing up in your STP report) ...
The STP solution is ...
Do a Pay Event and enter like this
This produces a NIL pay event.
Then send to STP, as this increases the PAYG Witholding.
Thank you to Chris ICB !!!