How do you set up your own PAYG Tax rate?

BiancaBianca Member Posts: 17
edited June 2017 in Payroll Premier

We have an employee who has his own PAYG tax rate that is not the same as the current voluntary rates automatically set up in Payroll Premier. Can I create a new one and how is this done?


Comments

  • Reckon FAQsReckon FAQs Reckon Staff Posts: 703 ✭✭
    edited March 2017
    Hi Bianca,

    Welcome to the Reckon Community.

    Do You mean a PAYG withholding tax on income by employees, or a PAYG Instalment for Business Tax?

    For employees, you can  set a flat rate of tax.  In the Employee Record in their Taxes button, set the Tax Code to 8 - No TaxC, then in the Tax % box, enter in the flat rate percentage.

    If paying additional tax, enter the dollar amount in the Extra Tax field.  

    PAYGI has a number of options on the BAS Lodgement Form.  


    Hope this helps.

    regards,
    John.  


  • BiancaBianca Member Posts: 17
    edited June 2017

    Hi John,

    Thanks for replying. I mean PAYG withholding tax on income by employees.

    I am using Payroll Premier 2016/17 and it doesn't have what you have suggested in regards to Tax Code 8-No Tax C.

    Can you advise for Payroll Premier?

    Thanks

    Bianca




  • Reckon FAQsReckon FAQs Reckon Staff Posts: 703 ✭✭
    edited March 2017
    My apologies Bianca,

    Check out Tax Scale List in the Help Index for a guide on adding a tax scale.  You may also want to look at a couple of existing tax scales in the Tax Scale List to get an idea of what may be required. A flat rate of tax will be the easiest to create.

    regards,
    John.
Sign In or Register to comment.