Has anybody found a workable workaround for the Medicare levy not being applied

John Middleton
John Middleton Member Posts: 1 Novice Member Novice Member

Im trying to add the levy. At $43 per week nobody would like a liability of over $2K to be paid tom the ATO!

Answers

  • Acctd4
    Acctd4 Accredited Partner Posts: 3,868 Reckon Accounts Hosted Elite Expert Reckon Accounts Hosted Expert

    @John Middleton

    This isn't necessary as by default, the Medicare Levy is already incorporated in the calculation of the PAYG tax amount.

    Shaz Hughes Dip(Fin) ACQ NSW, MICB

    *** Reckon Accredited Partner (AP) Bookkeeper - specialising EXCLUSIVELY in Reckon Accounts / Hosted ! ***

    * Regd BAS Agent (No: 92314 015)* ICB-Certified Bookkeeper* Snr Seasonal Tax Consultant since 2003 *

    Accounted 4 Bookkeeping Services

    Ballajura, WA

    shaz@accounted4.com.au

    https://accounted4.com.au

    (NB: Please give my post a Like or mark as Accepted Answer if I have been able to resolve your query as this helps others when seeking solutions!)