Trouble setting up tax rebate for employees

Fay

I have just purchased 2021 business with payroll. I don't understand what is needed for tax rebate and tax percentage, or where to find this information.

Also I have been using STP app. Is there anyway this information can be transferred over to the business version.

Thanks Fay

Acctd4

Hi Fay

The Tax Rebate is related to an employee having indicated this on their TFN Declaration Form (which is extremely rare as most employees won’t/don’t)

The percentage is another that doesn’t occur often but is used when tax is to be calculated at a specific percentage rate (eg for Working Holiday Makers or if an employee wishes to have additional tax deducted at a particular percentage)

Generally, you only need to select the applicable tax code on the employee record & tax will be automatically calculated as per the ATO tax tables accordingly.

If you’ve been using the STP App, you need to zero out the balances for that (access via the web page online) & enter YTD figures per employee in your new, current RA program to ensure submitted amounts are updated correctly going forward.