The ATO release papers that provide you with the information you need to perform your calculations regarding PAYG, super etc. In this blog post we look at Schedule 1 Pay as you go (PAYG) withholding NAT 1004. If you take a look at table 7 on page (see diagram on this page) you’ll see the variables or what the Australian Tax Office call coefficients.
One of our content creators is in the process of creating an Excel spreadsheet as a simple tool to help you work out how much PAYG tax and super you owe at the end of quarterly BAS reporting period. It’s a tool that we will offer both Microsoft Excel and MYOB Training Course students when it’s ready. And no, before you think of asking, it won’t cost you any extra money to receive it. It’s available as part of our LIFETIME student access.
Have you noticed the social media ads for Reckon, MYOB and Xero? It's 2 months…
Learning how to use Xero for specific tasks is easy. There are dozens of videos…
Office admin workers are the key employees which keep every business running, large or small.…
Join the Bookkeeping Academy as a member to improve your personal brand and get online…
Reconciling Your Accounts Daily Gives a True Picture of Cash Flow The king was in…
Some of the most challenging bookkeeping work is catchup or rescue bookkeeping. When there are…