nathan.greenaway's avatar
nathan.greenaway
Visiting Enthusiast
9 months ago

Adjusting tax withheld in Xtools+

Hi there, Could anyone advise whether it is possible to adjust the 'tax withheld' for future financial years in an Xtools+ scenario? In our current scenario, the prospective client has additional...
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Julie.Conneely76859's avatar
Julie.Conneely76859
Social Sightseer
7 months ago

I have a similar query - we have a client that pays extra PAYG tax of a set $ amount per fortnight. I would like to know if this can be modelled to accurately reflect in both cashflow and tax details. 

lana.graham's avatar
lana.graham
Icon for Iress Contributor rankIress Contributor
7 months ago

Hi Julie.Conneely76859 ,

As noted earier, you currently have the option to claim the tax free threshold or not - there is no way to set another level of PAYG withholding. 

I'd be happy to record your feedback and consider adding more options, however I wasn't aware you could vary your PAYG tax amount in set $. I'm very interested to see some examples of how the ATO applies an income tax withholding variation as I want to think about how we might align the PAYG withholding inputs - can you help?

kind regards,

Lana Graham 
Associate Product Manager - Xtools

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