Hi
i have to backpay some employees but how is that taxed? None of the payments exceed $500 so it is not in line with Lump Sum E.
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Hiya @tax2024 👋
The ATO have a discrete tax table that specifically details how you marginally tax arrears payments.
Deanne
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Hiya @tax2024 👋
The ATO have a discrete tax table that specifically details how you marginally tax arrears payments.
Deanne
thanks, what if the majority of those have left so dont know their current income?