PAYG tax rate differences
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Lisa Newton
Member Posts: 1 ✭
Hi, before updating to Reckon we had been using the ATO 2013 PAYG table to calculate tax, Reckon calculcates a different amount (less) can you please advise if we need to update paytables or similiar?
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Hi Lisa,
Welcome to the Reckon Community.
Firstly, make sure you have the latest Tax Table installed. Click on Employees > Tax Table Info, and make sure the "...updated line" says 1/7/2013. If not, you can get the lastest Tax Tables from the Download Centre at http://home.reckon.com.au/support/Home/Downloads/UpdatesServicePacks.aspx .
(Please read and follow the instructions carefully.)
If that is not the issue, then check the employee record and ensure the correct Tax Code (in the Taxes section) and Pay Frequency have been selected.
You can always check the Accounts Business tax calculation against the ATO's PAYG Tax Calculator on their website.
Hope this resolves your issues.
regards,
John
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