Create Tax

Use the Tax Pay Component to create tax payments for a fixed amount.

Important!

If an amount is entered, then that amount is in addition to standard tax, but if a percentage is entered, then it will override the standard tax rates.

Employee Setup Guide

Field	Description	Manual PAYG (extra payment)	Manual PAYG (different %)
Pay Component Type	Defaults depending on the button selected on the employee record	Tax	Tax
Pay Component Sub Type	select ether salary or wages. This will affect how timesheets appear in the pay run.	Manual PAYG	Manual PAYG
Description	Defaults from pay component sub type	Manual PAYG	Manual PAYG
UOM	Defaults from pay frequency	Month	Month
Quantity	if you enter 0 you will need to enter the number of hours during the pay run	1
Rate	Amount you want to pay per pay frequency	$500
Amount	Quantity * Rate	$500
Amount Per Period	Amount / Number of Periods	$500
Is Percentage	Signifies if the calculation is based on a percentage and may need recalculating on pay slips	Unmarked	Marked
Percent Type	Available if you select Is Percentage		Taxable Income
Percentage	Available if you select Is Percentage		25%
Payee	Select the Vendor that will receive this payment	Australian Taxation Office	Australian Taxation Office
Balance Sheet Account	Defaults from the vendor selected	PAYG Payable	PAYG Payable
Start Date	Start date that this pay component becomes valid	01/07/16	01/07/16
End Date	Leave blank or enter end date if variation is valid for a set period only.		30/06/17
Department	Enter if required
Class	Enter if required
Location	Enter if required
Range Amount	Enter maximum amount – when reached it won’t deduct any more
Reference	Reference number from ATO – and attach file
Current	Marked	Marked	Marked
Loading Rate

Click on Save

To add another Pay Component, go back to step 11. Add Pay Components.

Or, move onto step 12. Finish Up.

Payroll Support

Create Tax

Analytics

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