tax deducted is too high

Paul Mason
Paul Mason Member Posts: 63 Reckoner Reckoner
edited October 2024 in Accounts Hosted
I have not used payroll in years, just set up a new employee, Tax set as 2-TFT yet the amount deducted is higer than ATO tax tables list
What am I doing wrong pleaseimageimageimage

Comments

  • John Gibson
    John Gibson Accredited Partner Posts: 47 Accredited Partner Accredited Partner
    edited July 2020
    What version of the software are you using? The latest? Check under Employees (top of screen, select Tax Table Information, latest version should be 1718262
  • Paul Mason
    Paul Mason Member Posts: 63 Reckoner Reckoner
    edited June 2018
    Im using accounts hosted, I thought it would be the latest one
  • Paul Mason
    Paul Mason Member Posts: 63 Reckoner Reckoner
    edited June 2018
    I just checked and yes its 1718262

  • Paul Mason
    Paul Mason Member Posts: 63 Reckoner Reckoner
    edited June 2018
    I 1st set this employye up on salary 80K per year and then paiid weekly, when I saw the high tax amount I changed his rate to hourly and its still the same
  • John Gibson
    John Gibson Accredited Partner Posts: 47 Accredited Partner Accredited Partner
    edited June 2018
    Then check the set-up of the Super Clearing House payroll Item - maybe you have ticked for PAYG Tax (should be blank)
  • John Graetz
    John Graetz Member Posts: 1,663 Reckon Star Reckon Star
    edited June 2018
    Excellent pick-up John.  Add the Super to the salary and the tax comes out exactly to the amount showing on the pay slip.
    John L G
  • Paul Mason
    Paul Mason Member Posts: 63 Reckoner Reckoner
    edited June 2018
    Spot On John, yes it was in the super set up, fixed it now thabnks to you :-)
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