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APPLICATION for LUMP SUMADVANCE PAYMENT  Form

APPLICATION for LUMP SUMADVANCE PAYMENT Form

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Instructions and help about APPLICATION FOR LUMP SUMADVANCE PAYMENT

this video will explain how to process lump sum payments directly from the pay run processing lump sum payments such as commissions or bonuses can be done by aggregating the tax across a number of pay periods depending on the method selected we will also discuss paying leave in advance and how to process a bonus without aggregating the tax withholding amounts on lump sum payments are calculating using either the ato's method a or method b2 calculation as detailed in the article linked in this video's description you can choose the method selected based on the purpose of the payment method a is used when processing any additional payments regardless of the financial year the additional payment applies to this includes all back payments commissions bonuses or similar payments method b2 is used when processing back payments relating to a prior financial year or when processing any additional payments that don't relate to a single pay period regardless of the financ

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