Hi,
Due to my investment property, I am eligible for PAYG withholding variationand ATO issue the new tax rate to my company. However, I just wonder should I apply for it again because I recently join the new company.
Should I contact my accountant about this one or my previous company payroll will organize this for me?
Thanks,
Reginald
I do not see how this would be the responsibility of your previous employer. Do you still have the letter from your accountant that you gave your previous employer? If so, why can't you give that to your new employer?
Jacqui Middleton | Middleton Buyers Advocates
http://www.middletonbuyersadvocates.com.au
Email Me | Phone MeVIC Buyers' Agents for investors, home buyers & SMSFs.
Um…it makes sense. What happen is ATO issue the letter directly to the payroll officer in my previous company instead of my accountant. In this case, I may need to get the letter from the payroll from the previous company and forward to my current company.
Does someone have this experience?
Thanks,
Reginald
Have you called the payroll officer of your previous company and asked for the letter? Alternatively, ATO will probably have a record of it on file. Have you called ATO?
Jacqui Middleton | Middleton Buyers Advocates
http://www.middletonbuyersadvocates.com.au
Email Me | Phone MeVIC Buyers' Agents for investors, home buyers & SMSFs.
Um…i wll try to call both previus payroll officer and ATO today or tomorrow
Thanks
The application will need to be changed to the new employer as the original variation was a directive to the old employer issued by the ATO. The new employer will only tax you at the normal set rate until such time they receive a directive from the ATO. Can you imagine people seeking a tax variation without correct paperwork.
Spot on! I just check with my previous payroll officer and read through the letter issued by ATO. i simply get my accountant to lodge the form with new income again and ATO will issue the new tax rate to my current payroll.
Thanks,
Reginald
Awesome! Thanks for letting us know!
Jacqui Middleton | Middleton Buyers Advocates
http://www.middletonbuyersadvocates.com.au
Email Me | Phone MeVIC Buyers' Agents for investors, home buyers & SMSFs.
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