Forum Discussion

TanyaM's avatar
TanyaM
Experienced Cover User
3 years ago

How do I set up a set % of tax to be deducted for an employee?

Hello, have 1 employee wanting to have 40% tax deducted from his pays moving forward, I can see there's an option to deduct an additional dollar amount from each pay but I cannot find where to set it...
  • gavin12345's avatar
    gavin12345
    3 years ago

    Hi TanyaM 

     

    Depends what software you are using. If Accountright, change the employee's tax table to Withholding Variation, and set the rate to 40%.

     

    Regards

    Gavin

LRBooks61's avatar
LRBooks61
Ultimate Cover User
3 years ago

Hi

 

I take it that the pay for this employ is not consistent or you would have calculated the amount and going forward this would not change

 

unfortunately you can't set up a percentage 

 

I suggest that you ask your employee to nominate an additional amount, not ideal but less onerous for you

 

Lisa

  • gavin12345's avatar
    gavin12345
    Ultimate User
    3 years ago

    Hi TanyaM 

     

    Depends what software you are using. If Accountright, change the employee's tax table to Withholding Variation, and set the rate to 40%.

     

    Regards

    Gavin

    • TanyaM's avatar
      TanyaM
      Experienced Cover User
      3 years ago

      Awesome thank you !

Looking for something else?

Search the Community Forum for answers or find your topic and get the conversation started!

Community home

Dig into MYOB Academy for free courses, learning paths and live events to help build your business with MYOB.