Tax Free Threshold + STSL
Hi there, I have just noticed that I no longer have the option to choose Tax Free Threshold + HELP and only have the option of Tax Free Threshold +STSL when setting up a new employee. Is this now replacing the "+ HELP" and "+ FS" options? If it is, is there anything else I have to do or, by selecting the "+ STSL" will it automatically deduct the extra tax?
Thank and have a good day.
Colleen
Hi,
It does look like these have now been combined into one tax table. Help/VSL/SSL have indeed been the same tax table for a while (2019?).
From the MYOB release notes:
ARL - STSL Tax tables: For employers who have employees undertaking higher education and training programs we previously had separate tax scales for FS / HELP / FS + HELP, these have now been combined into one table called STSL.
The TFN declaration has also had only the one selection for HELP/VSL/FS/SSL/TSL for some time now, so it makes sense to only offer the one option within MYOB as well.
