JenDPT
4 months agoExperienced User
Payroll giving
Hi there
I am using MYOB Business Payroll and am trying to find out if Payroll giving is available?
When I check the IRD site, I can see that I would need to do the following:
Deduct the donation amount your employee has requested from their salary or wage.
Work out the tax credit for each donation an employee makes.
The amount is 33.33% of the donated amount. Reduce your employee’s PAYE by this amount.
Record the tax credit for each employee when you submit your employer monthly schedule.
Would I be able to setup a Payroll giving deduction? or would I have to manually calculate with each pay processed?
Thanks
Hi JenDPT Payroll giving is not in Business payroll as yet - you would need to manually calculate it.