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MYOB – Tax on Employee Pays doesn’t match ATO Tax Tables
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Published on Monday, 27 October 2014 15:11
Client Emailed – That the PAYG tax calculated in the MYOB pay didn’t match the ATO Tax Tables and what needed to be checked?
Answer - Things to check include:
- The correct tax table has been selected for the employee. Go to: Card File command centre > Cards List > Employee Card > Payroll Details > Taxes > Tab Table;
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That no "Extra Tax" amount has been entered against the Employee's card. Card File command centre > Cards List > Employee Card > Payroll Details > Taxes;
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No wage categories are incorrectly marked as being Exempt from PAYG calculations. To see these settings go to: Payroll command centre > Payroll Categories > Wage Category > Exempt button. Anything that has a tick next to the PAYG tax in this screen will not calculate as part of PAYG amounts;
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That they aren't salary sacrificing, such as for a novated lease, superannuation, or any other reason that is usually tax exempt, as this would vary the amounts of tax paid. If they are on one of these methods, make sure that the deduction categories are correctly set up to be exempt from PAYG calculations;
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That the pay frequency selected in MYOB matches the actual pay frequency for the employee. (Paid weekly, they should have weekly selected on their card.) Go to Card File command centre > Cards List > Employee Card > Payroll Details > Wages > Pay Frequency.
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