Incorrect tax file category how to fix payruns
I have set up a new payroll for a client and one of the employees selected thw incorrect tax category when onboarding and has been over taxed. I was only notified of this after 4 payruns how do I go about correcting this. Thanks in Adavance Janelle McNairSolved23Views0likes5Comments
ATO Tax Refund for Sole Trader
Hello Community, Hope you are all well. Could someone help me with the correct way I should "Receive Money" for a refund my boss received this year? I want to make sure the account it is distributed to is the right one before I complete my week's reconciliation. So this is slightly time sensitive. I thank you in advance for your time and assistance. P.S. I note we have bold and underline in our Community Forum, however Myob still hasn't put this in the area where we enter invoices...Solved352Views0likes1CommentMedicare levy surcharge 1% - additional withholding
I have a new employee who has elected for an additional 1% tax withholding to cover any Medicare levy surcharge for this financial year. I don't see an option to do this in AccountRight. I know there's a field for Extra Tax as a $ value, but not extra tax as a %. Please advise what I should do. Thanks! I have attached a screenshot of the employee's Tax withholding and medicare levy variation selections.Solved1.1KViews0likes5Comments
Taxes - Variation
Hi, I have had a request from an employee to update their tax witholding as follows: Claim tax-free threshold: Yes Additional withholding percentage: 2.00% Education loan withholding: Higher Education Loan Program(HELP) Medicare levy variation: No variation There is no option in MYOB to do this, it can either be - Tax-Free Threshold + HELP - this option doesn't allow me to enter in an additional witholding variation rate. OR Withholding Variation - this option doesn't allow additional tax-free threshold + HELP Can someone please assist/advise on what I need to do? Thank you!Solved1.4KViews0likes3CommentsThe correct way to record pre-GST sales and purchases?
Hey my tax accounting friends. If I'm a non-GST-registered sole trader, when using MYOB AccountRight, which tax code do I use for purchases from GST-registered suppliers, and which tax code do I use for sales? (N-T, GNR, GST, other?) I've read conflicting information about the correct tax code to use.Solved1KViews0likes1Comment
BAS Articles to get your BAS sorted
Hi Everyone As it is drawing close to BAS due date, we thought we would share some of our Help Articles on BAS to aid you in that process. The new AccountRight range allows for the user to prepare their BAS online and file it directly with the ATO online. Our Help Article Prepare your activity statement online would be able to assist with that process. Wish to prepare it locally? Help Article: Prepare your activity statement manually For those clients on the AccountRight Classic range, we do recommend taking a look at the following Help Articles and Support Notes: Lodge your activity statement (BAS or IAS), Checking your BAS prior to lodgement & BASLink FAQs We hope you find these resources useful. As per always, if you are still requiring assistance don't hesitate to post on this Forum.3.2KViews0likes0Comments
