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ESCT Change / Update

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RamilaatOrion
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ESCT Change / Update

If the employee hasnt worked the full year in 2014/2015 do we need to change the ESCT Gross Liable for each employee for the first pay in the new FY?

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jenniek
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Re: ESCT Change / Update

Hi there @RamilaatOrion

The MYOB system does this for you based on gross earnings as long as you have the ESCT rate as "calculated" in the employee details tab.

Regards,
Jennie Kingma
JK Business Systems Ltd, Hamilton, NZ
Email: jennie@jkbusiness.co.nz
Steven_M
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Re: ESCT Change / Update

Hi @RamilaatOrion

Welcome to the MYOB Community Forum, I hope you find it a wealth of knowledge.

Just in addition to @jenniek 's post, Support Note: Employer Superannuation Contributions Tax (ESCT) calculations has how the ESCT rate in Payroll will be calculated if ESCT rate box in the Employment Details tab is set to be "Calculated".

Kind regards,
Steven

MYOB Community Support

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