WHM - Working Holiday

Marilyn Strauss

I need some help - I have employee that should have been registered as a WHM - Working Holiday last financial year. I am trying to correct this for the new financial year. I have changed the Income Type and entered her home country but the tax has not changed. Could someone please advise.

Rav

Hi @Marilyn Strauss

The Income Type and Home Country fields are for reporting purposes only. It doesn't affect an employee's tax calculations. What have you entered for the tax settings in their profile? eg. tax code

Acctd4

Hi Marilyn

The tax needs to be changed by you in their record:

NOTE: This lower (15%) rate is ONLY applicable if you have registered as a Working Holiday Maker Employer:

https://www.ato.gov.au/Business/Registration/Work-out-which-registrations-you-need/Taxation-registrations/Employer-registration-for-working-holiday-makers/

Rav

Just adding to Shaz's reply, there is a new Registered Employer for Working Holiday Makers option in the Company Information section. More info in the guide below -

https://help.reckon.com/article/hhbpmmaxse-stp-phase-2-reckon-accounts-user-interface-changes#are_you_a_registered_employer_for_working_holiday_makers

Acctd4

Yep ... Although apparently this checkbox doesn't do/affect anything @Rav 😬?