How do you set up your own PAYG Tax rate?
Bianca_8323349
Member Posts: 13 ✭
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?
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Comments
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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.
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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
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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.
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