Previous Earnings
If a new employee is being engaged within the year, you should input their earnings from previous employments, usually given to you in the form of their old FS3.
The more accurate the information, the more accurately Buddy can calculate their tax and avoid any returns at the end of the year.
Note that the Car Allowance needs to denote the FULL amount and not only the taxable amount.
Main vs Part-Time Income
Buddy will assume that the income and tax inserted match the employees' tax statuses, as the two incomes don't influence each other.
Therefore:
- if the employee is on a main tax rate, insert the previous main income and tax
- if the employee is on a part-time qualified rate, insert previous part-time qualifiedincome and tax
Mid-Year Migrations
If you are migrating onto Buddy mid-year, Previous Earnings should only be used for income earned from previous employers.
For payslips issued by the company within the year, please see: Importing Previous Payrolls into Buddy