Settings and activity
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9 votes
Kate Flower
supported this idea
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46 votes
Hi everyone, thanks for your feedback on Schedule 5 calculations for commissions and bonuses. We appreciate you explaining how important this is for commission-based industries where commission is often the primary income.
Currently Xero payroll requires regular earnings to calculate Schedule 5 tax. We understand the current setup requires manual workarounds when employees have commission-only income.
Our product team has reviewed this idea and moved it to Accepted so it can be formally considered in future planning cycles. We'll keep you updated as things progress.
An error occurred while saving the comment
Kate Flower
commented
Completely agree with this. We work with a number of real estate clients and commission is their only income yet Xero will not automatically calculate the withholding based on schedule 5 because they have no OTE. Please update this Xero!
Kate Flower
supported this idea
·
Please update Xero projects so day rates can be used! This is the basis a lot of contracts are on so it's important this feature is made available.