Forum Discussion

Kirsti1's avatar
Kirsti1
User
7 months ago
Solved

Company paying extra tax for employee

Hi guys Can my Company pay extra tax for my employees?  I am wanting to add to their tax, from the Company, a few extra dollars each week.  
  • Julie_A_C's avatar
    Julie_A_C
    7 months ago

    Hi Kirsti1 

     

    You don't need to do anything except enter it in the employee's card as extra tax each pay and the system will do the entries correctly and report total wages and tax correctly.

     

Isaiah_C's avatar
Isaiah_C
MYOB Moderator
7 months ago

Hi Kirsti1,

 

Thank you for the post and welcome to the Community Forum! I appreciate you reaching out to us, and I'll be more than happy to help you with this. To pay an extra tax for your employees, you can add it under Pay Items. You can create a new expense pay item, then link the expense to your employee. But we highly suggest that you need to get in touch with the ATO or consult to your accountant.

 

 

 

Please let me know if you need further help.

 

Kind regards,

Sai

  • Kirsti1's avatar
    Kirsti1
    User
    7 months ago

    Hi Sai

    Thank you for getting back to me.

    Does that mean I will put in the payable linked account to PAYG Withholding

    and the expense linked account to Wages and Salary?

     

    • Julie_A_C's avatar
      Julie_A_C
      Partner
      7 months ago

      Hi Kirsti1 

       

      You don't need to do anything except enter it in the employee's card as extra tax each pay and the system will do the entries correctly and report total wages and tax correctly.

       

      • Kirsti1's avatar
        Kirsti1
        User
        7 months ago

        Hi Julie

         

        Processing this as extra tax, would this would reduce their nett income or will the extra tax increase their salary?