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MYOB Essentials – Why is tax calculating/appearing when only $300 earned by an employee for a week?

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MYOB Essentials – Why is tax calculating/appearing when only $300 earned by an employee for a week?

MYOB Essentials – Why is tax calculating/appearing when only $300 earned by an employee for a week?

Client calledI thought with the tax-free threshold of $18,000 which is $346.15 week gross, has NO tax up to that amount? Is that correct? I can’t work out why tax is appearing when only $300 was earned by an employee for a week? I have ticked ‘Tax Free Threshold is being claimed” – but tax still calculates!

AnswerIt is easy to miss, but along with Q8 Tax Free Threshold is claimed, you also need to tick Q7 Australian Resident for Tax purposes – so in MOST cases – tick Q7 & Q8!

Get a FREE 30 min answer to your query, and FREE ongoing email or phone support – No-one offers as much! Call and you also get FREE “Avoid these GST mistakes” – There’s 18 that the Tax Office see regularly – Get them right!

Email info@accountkeepingplus.com.au or call 0407 361 596 Australia

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Author: Account keeping plus (Business accounting software

Administration, Bookkeeping and Compliance for small business, and Self-Managed Super Funds (SMSF) Training, trouble-shooting, or we can do the books and payroll for you! Self Managed Superannuation Fund Service Provider, Free support 30 min call 0407 361 596 Australia (+61 drop 0 from overseas) MYOB Certified Consultant, Reckon/QuickBooks Professional Partner.

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