Temination payment

Emma_10100757
Emma_10100757 Member Posts: 13 Novice Member Novice Member
edited October 11 in Reckon Accounts (Desktop)
Hi Everyone, may I seek some helps on this please?  We made an employee redundant in July.  These days she found out that I have withheld the wrong tax amount on her unused annual leave plus leave loading - which should be a flat rate 32% under "genuine redundancy", however, I mistakenly calculated by using the marginal rate thus I ended up withholding $80 more than it should be. Now she requests to get this amount pay back.  My question is: how & what to do to fix the records in Reckon (we are using Reckon Accounts Premier 2019 version) as well as reporting to ATO?

Comments

  • Kris_Williams
    Kris_Williams Member Posts: 3,684 Reckon Accounts Hosted Elite Expert Reckon Accounts Hosted Expert
    edited May 2020
     Can’t you adjust the pay and then submit a replacement file to ATO. And pay her the extra 80
  • Emma_10100757
    Emma_10100757 Member Posts: 13 Novice Member Novice Member
    edited September 2019
    Hi Kris, the payroll was processed in July and PAYG also has been submitted to ATO for that month.  I don't think adjusting pay will do any help because the amount she's paid on unused AL and leave loading is correct itself, only affecting the tax withheld.  I suspect something to do with Employee/Payroll taxes and liabilities adjustment. Thank you!
  • Acctd4
    Acctd4 Accredited Partner Posts: 3,806 Reckon Accounts Hosted Elite Expert Reckon Accounts Hosted Expert
    edited September 2019

    Shaz Hughes Dip(Fin) ACQ NSW, MICB

    *** Reckon Accredited Partner (AP) Bookkeeper - specialising EXCLUSIVELY in Reckon Accounts / Hosted ! ***

    * Regd BAS Agent (No: 92314 015)* ICB-Certified Bookkeeper* Snr Seasonal Tax Consultant since 2003 *

    Accounted 4 Bookkeeping Services

    Ballajura, WA

    shaz@accounted4.com.au

    https://accounted4.com.au

    (NB: Please give my post a Like or mark as Accepted Answer if I have been able to resolve your query as this helps others when seeking solutions!)
  • Kris_Williams
    Kris_Williams Member Posts: 3,684 Reckon Accounts Hosted Elite Expert Reckon Accounts Hosted Expert
    edited September 2019
    Further to your comment, adjusting the pay would only be a tax change and that way you could refund the 80 to employee. Then resubmit to ATO
  • Emma_10100757
    Emma_10100757 Member Posts: 13 Novice Member Novice Member
    edited September 2019
    Thank you Shaz!  It would be simple if she could just wait till tax return...
    Thanks Kris! Now I got you - just amend the PAYG amount from the pay.
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