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How to Record the Company Tax Details | |||
If you do not already have the relevant payee record open in the Payee Entry screen, search for and open the relevant payee record in edit mode. | |||
2. | Navigate to the Payee Details > Company Tax Details section of the Payee Entry screen. | ||
3. | In the Company Name field, key in the name of the payee's company. | ||
4. | In the Business Name/Trading Name field, key in the registered trading name under which the payee's company operates. This may be the same as the company name | ||
5. | If the payee is registered to collect Goods and Services Tax, click GST Registered and key in the Australian Business Number of the payee's company in the ABN field. | ||
6. | If the payee has their own insurance policy, click Insurance. | ||
7. | If the payee is subject to a voluntary agreement to have tax withheld under the PAYG system, click Voluntary Agreement and key in the Commissioner's Instalment Rate or agreed withholding percentage in the CIR/Withholding % field. If the payee is not subject to a voluntary withholding agreement, skip this step and go directly to step 9. | ||
8. | If the payee is subject to a voluntary withholding agreement at a rate that is a Commissioner's Installment Rate (CIR) rate, tick the CIR Applies field.
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9. | Optionally, key in the address details of the payee's company in the Company Address field grouping. | ||
9 10. | At the top of the Payee Entry screen, click Save. The changes you have made are saved. |
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