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ACC and MYOB

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MarionJean
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ACC and MYOB

We have an employee who will be on ACC for quite some time.  We would like to top him up by 20% each week.  How do I record this?  I see the 80% for the first week - would I do the same but for 20%?

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jenniek
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Re: ACC and MYOB

Hi there,

You would need to set up a 20% code (20% of normal rate) same as the 80% code. However I would check the tax implications - because the ACC income is taxed, so in theory the 20% extra should be taxed at secondary tax?

 

Regards,
Jennie Kingma
JK Business Systems Ltd, Hamilton, NZ
Email: jennie@jkbusiness.co.nz
MarionJean
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Re: ACC and MYOB

Thanks Jennie 

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