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This enhancement ensures that WHMs are taxed according to ATO requirements whereby WHM tax rates must only be applied if the employer is registered to employ WHM and the payee has provided a TFN. Otherwise, if an employer is not registered to employ WHMs then tax must be withheld at foreign resident rates.
Under Single Touch Payroll (STP) Phase 2 reporting it will be mandatory for an employer to report if they are a registered WHM employer when reporting WHM payees to the ATO. Therefore, this enhancement also allows you to configure Payee records accordingly in preparation for STP Phase 2 reporting.
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STP Phase 2 reporting |
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capability will be |
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added to FastTrack360 |
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in a future release towards the end of 2022. |
Configuration
On upgrade the Registered WHM Employer field will be ticked on by default for all existing and any new Payee record where the tax status is set to Working Holiday Maker.
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