How do you set up your own PAYG Tax rate?

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  • Updated 3 years ago
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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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Bianca

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Posted 3 years ago

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Reckon FAQs, Employee

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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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Bianca

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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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Reckon FAQs, Employee

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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.