Jsch
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Joined 6 years ago
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MYOB Acumatica - Setting up Working Holiday Maker Employee
Hi All, We recently hired an employee from the US on a Working Holiday Visa. From our understanding, we need to register as an employer of working holiday makers in order to apply a tax rate of 15% on earnings up to $45,000; otherwise, the rate defaults to 30%. I've entered the payroll information into the system, but I've noticed that it is automatically setting the tax rate at 30%. Additionally, there's a warning message indicating, “Company not set as a registered employer for working holiday makers.” I'm unsure how the system determines whether we are registered or not. I couldn't find an option in MYOB to indicate our registered status. I’ve attached screenshots of our pay settings for your review. Any advice or assistance would be greatly appreciated. Thank you very much!175Views0likes1CommentNovated Lease Payment - Set Up Account/Line Item
Hi Team, Our company recently had an employee set up with a Novated Lease arrangement, which is new to us and I don't have much knowledge about it. The Novated Lease is managed by a third party, and they send us a payroll advice and an invoice. Do I need to create a liability account on the balance sheet, for example, "2XXX-Novated Lease Clearing"? The payroll advice contains a pre-tax salary sacrifice amount. As I understand, this is different from superannuation salary sacrifice. Should I create a new pay item liability for this pre-tax salary sacrifice, with the ATO category being "Salary Sacrifice Other"? I assume this pre-tax salary sacrifice should then go to the GL Account 2XXX-Novated Lease Clearing, to clear out the balance sheet account. I would appreciate any help on this matter. Thank you so much.Solved2.4KViews1like4Comments