KaliPPS
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Joined 7 years ago
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Taxation of extra pay when employment ends
Hi, The release notes for MYOB payroll desktop version 2025.1 included the above note re: taxation of extra pay when employment ends. The extract notes the change to the annualised calculation to now be based on two weeks instead of four weeks; however, the IRD website is still stating the calculation is to be based on four weeks? MYOB - can you please advise where this change was initiated from? Also, the old calculation of 4 weeks was multiplied by 13 - are you now suggesting the two weeks to be multiplied by 26 instead?SA tax code is taxing wrong in MYOB 2024.2
Hi, I have an employee whom I'm paying a bonus to which puts their grossed up annual income in excess of $180,000, and therefore over the ACC levy for 2024-25 of $142,283. I therefore taxed the additional payment as an extra payment and used tax code 'SA', I also ticked the 'Extra pay is exempt from ACC Earners Levy' box . MYOB desktop payroll (version 2024.2) is taxing this payment at a flat rate of 39% when the 'Extra pay is exempt from ACC Earners Levy' box is ticked, and at a rate of 40.60% (39% PLUS 1.60% for ACC) when this box IS NOT ticked. According to IRD tax tables, the 39% is INCLUSIVE of ACC levy. See extract from IRD below: Can you please tell me why the software is taxing this payment like this? Is this a known issue with the 2024.2 release? Cheers,Reducing hours in MYOB Payroll Desktop
Hi, I have an employee that was working 40 hours per week (over 5 days) and has just reduced down to 8.25 hours per week (over 1 day). Before the change, she had taken 35 hours of annual leave in advance, and this is what her leave looked like: After i updated her normal days/normal hours; it changed to this: Can you please advise the calculation behind the change and why the annual leave rate has disappeared? If i go to enter a pay for her i can see her annual leave rate has changed to $110.94424. I need to be able to explain the change in hours and annual leave rate so i can ensure MYOB has calculated this correctly. However, i am not understanding how the system got to the new figures.
