Adjusting Termination Payment Lump Sum Category in MYOB
One issue need help. Back to FY22, we submitted an redundancy report to the ATO for an employee who has left the company. It turns out there was a mistake with his income categorization in that report. Paid leave should have been declared under Lump Sum A category rather than grouped together with Salary and wages component. Employee termination payment taxable component should have been declared under Lump Sum D. We tried to go back and correct it in MYOB, but the system doesn’t allow us to make any changes to past two years submissions. Could anyone knows how to fix this issue? Thanks so much!82Views0likes1CommentCannot reverse STP tax amount
Hi guys, I have recently migrated my STP to MYOB and made a mistake during pay run reporting an amount I didn't actually pay. So, to correct it I have made a reversed pay but ATO says I still owe PAYG tax amount. Here is a screenshot from ATO STP reporting page: And here is a screenshot from the MYOB report: How to fix this $822 amount? Any help is highly appreciated83Views0likes1Comment