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Status New idea
Workspace Reckon Web
Categories Payroll
Created by Guest
Created on Mar 18, 2024

Calculate PAYG on Bonuses and commissions

When Bonus or Commission is used, user is asked to enter the appropriate amount of PAYG to withhold. The calculation for the 3 types of PAYG scenarios are outlined on the ATO website - see https://www.ato.gov.au/tax-rates-and-codes/payg-withholding-schedule-5-tax-table-for-back-payments-commissions-bonuses-and-like-payments/working-out-the-withholding-amount?anchor=Workingoutthewithholdingamount#Workingoutthewithholdingamount. This calculation has been handled by older Reckon products. The calculations are not simple for the individual to do manually and is a task normally expected of a programme that generally calculates PAYG on a payrun.

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