Forum Discussion

Kirsti1's avatar
Kirsti1
Contributing User
2 years ago

Company paying extra tax for employee

Hi guys Can my Company pay extra tax for my employees?  I am wanting to add to their tax, from the Company, a few extra dollars each week.  
  • Julie_A_C's avatar
    Julie_A_C
    2 years ago

    Hi Kirsti1 

     

    You don't need to do anything except enter it in the employee's card as extra tax each pay and the system will do the entries correctly and report total wages and tax correctly.

     

Isaiah_C's avatar
Isaiah_C
MYOB Moderator

Hi Kirsti1,

 

Thank you for the post and welcome to the Community Forum! I appreciate you reaching out to us, and I'll be more than happy to help you with this. To pay an extra tax for your employees, you can add it under Pay Items. You can create a new expense pay item, then link the expense to your employee. But we highly suggest that you need to get in touch with the ATO or consult to your accountant.

 

 

 

Please let me know if you need further help.

 

Kind regards,

Sai

Kirsti1's avatar
Kirsti1
Contributing User
2 years ago

Hi Sai

Thank you for getting back to me.

Does that mean I will put in the payable linked account to PAYG Withholding

and the expense linked account to Wages and Salary?

 

  • Julie_A_C's avatar
    Julie_A_C
    Ultimate Cover User
    2 years ago

    Hi Kirsti1 

     

    You don't need to do anything except enter it in the employee's card as extra tax each pay and the system will do the entries correctly and report total wages and tax correctly.

     

    • Kirsti1's avatar
      Kirsti1
      Contributing User
      2 years ago

      Hi Julie

       

      Processing this as extra tax, would this would reduce their nett income or will the extra tax increase their salary?

       

       

      • Julie_A_C's avatar
        Julie_A_C
        Ultimate Cover User
        2 years ago

        Hi Kirsti1 

         

        It will reduce their nett income.

         

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