http://www.ato.gov.au/businesses/content.aspx?menuid=0&doc=/content/23308.htm&page=4&H4

If your employee is being paid leave loading along with his/her holiday pay, it is treated as follows:

The first $320 in a year of income does not need to have any PAYG amounts withheld as it is already factored into the PAYG withholding tax tables and is taken into account when determining the amount to withhold from normal pay every pay period. Any amount over $320 should be added to, and included in, the holiday pay and treated as above.

Leave loading payments of $320 or less which do not have an amount withheld from them still form part of the employee's assessable income. This means that you should include these amounts in the 'gross payments' on the employee's PAYG Payment Summary.

Where an employee is taking leave and there is leave loading, you must use the appropriate tax table (weekly, fortnightly or monthly) and within that tax table ensure that you use a column which states 'with leave loading' in order to calculate the PAYG withholding amount.

I hope this now takes the mystery out of Tax on Leave Loading in the e-PayDay Payroll Program.

Keep the great suggestions coming and don't forget you can keep up with us Socially on Facebook https://www.facebook.com/pages/e-PayDay-Pty-Ltd/177006259021869 and Twitter http://twitter.com/epayday.

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It is a great pleasure to work with such a professional dedicated team that enabled me to complete the new site exactly the way I wanted. As time goes by we will be adding more features to provide greater functionality to the new site. We have just added Live Chat functionality to make it simpler for people to communicate directly with the team while viewing the site.

I highly recommended The Web Showroom to anyone that wishes to update their existing Website or just need to get their Business on the Internet.

And don't forget to tell The Web Showroom how you found out about them! 

In Version 3 you will be able to setup separate Account Details in e-PayDay's FAST-Bank™ feature for both PAYG and SG. After processing your payrun, all the employees totals of PAYG and SG will be stored and available when you produce your FAST-Bank (ABA) file.

When transferring your employee's net pays to their accounts, you will also be able to automatically transfer the calculated PAYG and SG to your company holding accounts. These accounts could be structured in such a way with your financial institution to earn a higher amount of interest than you currently obtain on your normal business transaction account. When it comes time to pay your PAYG and SG you have been earning a higher rate of interest on the funds and best of all, the funds are readily available!

So keep your great ideas coming, they help make e-PayDay® a better Payroll Program and hopefully make your payday a lot simplier!

To quote PC User Magazine, "If you need dedicated payroll software, e-PayDay continues to lead the way with innovative add-ons and value for money." taken from the review in the article, Digital Cashflow: Which accounting apps cut it in the digital age.

We are very proud to receive this Award and to read such positive comments about e-PayDay®. I would like to thank all of users who continual suggestions help make e-PayDay the payroll product it is today.

We are currenty working on two new releases available in 2012 and hope with all the new features we are able to maintain the lead in dedicated Payroll Software that we work so hard to provide.

A special thanks again goes to all of our dedicated e-PayDay® users. Don't forget to keep checking our Blog posts to keep up to date with the latest e-PayDay® development news.