Junior casual employment

Carolyn Accounts

Is there a special tax code used for a Junior (16 yrs) who is still at school and is employed casually?

Unknown

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Joy Bodker

If you are referring to the tax file number code - your payee is under 18 and earns less than $350 per week, $700 per fortnight or $1,517 per month – use 333 333 333 Source https://www.ato.gov.au/Forms/PAYG-payment-summary---individual-non-business/?page=3

Carolyn Accounts

Thank you.  I am glad I asked.

Acctd4

Yes, Joy is correct and ....

You can find this TFN reference info (& also a load of other very useful explanations for the various codes used/options) in your Hosted File:


Click on Employees (along top toolbar)

• Click on Tax Table Information > Tax Table Info

  (For a range of very useful links to demystifying your employee tax selections!)
  
  or
  
  

• Click on Superannuation Information

                 (For a range of very useful links to demystifying your employee super selections!)
  
  

   

  These 2 sections are really under-utilised as not everyone is aware they are even there!

   

  Shaz Hughes Dip(Fin) ACQ NSW, MICB

  Reckon Accredited Professional Partner Bookkeeper / Registered BAS Agent (No: 92314 015)

  Accounted 4 Bookkeeping Services

  Ballajura, WA

  0422 886 003

  shazinoz2@bigpond.com

Carolyn Accounts

Thanks, I will take a look.

This junior has worked through the school holidays. Presuming he would need a Tax File number in this case if over the threshold?

Acctd4

Not necessarily.  If his earnings are still below the monthly threshold ($ 1,517) then he is exempt from quoting a TFN.
If not, he will need to apply for one but that info gives you all the TFN Codes applicable for all scenarios along with explanations, including for employees who have applied for a TFN. 

Carolyn Accounts

Hi Shaz,  Shall I enter the junior as NoTFNr?  It is still calculating Tax, so do I override this if under the monthly threshold?  Carolyn

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Carolyn Accounts

I will be entering 333333333.  I just need to clarify what Tax Code to use.

Acctd4

No, you still use the standard TFT tax code. The employee will be taxed only if/when their earnings reach the threshold.

Joy Bodker

As they do not need a tax file number enter them as TFT (tax free threshold).

Carolyn Accounts

Thank you so much.