Manually increase PAYG for one employee
MM_7769277
Member Posts: 30 Novice Member 
I have one employee who received a small pay rise earlier in the year which pushed him into a higher tax bracket and triggered a massive HELP bill.
To avoid this happening in future, the employee wants me to "take out" more tax from his pay each fortnight.
How can I do this without having to manually type over the tax field each pay cycle? Maybe create a Deduction and point it to PAYG Withholding Payable? Would that work?
I'm on Reckon Hosted.
Thanks in advance,
MM
To avoid this happening in future, the employee wants me to "take out" more tax from his pay each fortnight.
How can I do this without having to manually type over the tax field each pay cycle? Maybe create a Deduction and point it to PAYG Withholding Payable? Would that work?
I'm on Reckon Hosted.
Thanks in advance,
MM
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Comments
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Increasing tax withheld will NOT reduce overall taxable income and HELP debt will remain payable (though your way would compensate somewhat)
.....what you need to do tick the HELP debt box in the employee set-up so that the tax calculation is automatically higher - go to employee set-up, Payroll & Compensation Info, select Taxes, tick HELP debt. Note that this will only change tax withheld from today onwards, so if you need to adjust for past 4 months you could also add (eg) $20.00 into the Extra Tax box in the same screen
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It's already ticked.0
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In the employee setup under 'payroll and Compensation info' click on the 'taxes' box and in there you can choose to add extra tax or tick the HELP box which will automatically adjust his PAYG rate0
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Thanks Charles. That "extra tax" field, what period is that? Per pay cycle or per annum?0
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per pay0
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