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PAYG/HECS TAX

Carolyn Accounts

PAYG and HECS tax not calculating correctly perhaps. I have a client who has always manually calculated PAYG/HECS using an ATO calculator. We are in the process of setting up STP. I have set up an employee file and am trying to mimic the manual calculations. However Reckon (Accounts Plus 2019) tax is calculating differently to what we expect having used the current ATO calculators. Any ideas would be appreciated.

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Carolyn Accounts

I understand. Gross monthly is $11,935. We get $4810 TFT and STSL. Reckon calculates $4572.

Robyn Kelly (Partner)

Have you got the tax table update on (Release 2 when you click Ctrl & 1)?