Understanding the Setup for Taxation Calculations
The calculation of tax, using the tax scales, is only a part of managing taxation. You also need to enter details about the pay entity (usually the company or organization), provide the Australian Tax Office (ATO) with tax file number (TFN) information, enter and maintain tax-related information about each employee, and submit statutory reports to the ATO.
Related Topics
- Understanding Taxation Processing
- Understanding Retroactive Tax Processing
- Understanding Periodic Tax for Leave Payments on Termination
- Understanding Taxable Earnings Accumulators
- Entering Information for Tax Processing
- Submitting the Electronic TFN Declaration
- Setting Earnings and Deduction Categories
- Collecting FBT-Liable Earnings
- Generating Payment Summary Data
- Separating Eligible Termination Payment Data