Forum Discussion

lynn561237's avatar
lynn561237
Trusted User
6 years ago

New TFN and Tax Tables

Hi,  The new TFN form only has 1 option for HELP & FS but MYOB has them down as separate options under Tax Tables... Which option should we select if the employee has ticked 'Yes' to the question? ...
  • Theresa_D's avatar
    Theresa_D
    6 years ago

    Hi lynn561237 

     

    Thank you for clarifying and providing the screenshots.  For this selection it will depend on what is relevant to the employee, MYOB just provides these options.  So if only one applies, select the relevant one, if both apply you can select Tax free threshold HELP + FS. If you're still unsure of which to select then it's a question for the employee or your tax accountant. 

     

    I hope this clarifies. If this answers your inquiry please mark ‘Accept as Solution’ so other users can find this information easier.

lynn561237's avatar
lynn561237
Trusted User

Hi Theresa,

 

Sorry I should have included screenshots to give a better picture. This is what I mean:

 

As you can see below the TFN form has a single option for HELP, FS, VSL, SSL and TSL. But when selecting the Tax Table in MYOB (also as below), FS and HELP are listed separately. So do you then select HELP, FS, or HELP + FS in MYOB?

 

This 

Theresa_D's avatar
Theresa_D
Former Staff
6 years ago

Hi lynn561237 

 

Thank you for clarifying and providing the screenshots.  For this selection it will depend on what is relevant to the employee, MYOB just provides these options.  So if only one applies, select the relevant one, if both apply you can select Tax free threshold HELP + FS. If you're still unsure of which to select then it's a question for the employee or your tax accountant. 

 

I hope this clarifies. If this answers your inquiry please mark ‘Accept as Solution’ so other users can find this information easier.

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