Tax code

Options
JanelleW
JanelleW Member Posts: 2

Good morning

What tax code do I enter for a casual employee that has been a part time in the past.?

Comments

  • Kris_Williams
    Kris_Williams Member Posts: 3,307 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert
    Options

    If in employees no tax codes. You do mean GST tax code don’t you?

  • Bruce
    Bruce Member Posts: 442 Professional Partner Professional Partner
    edited July 2021
    Options

    If you mean the code used to determine PAYG W, this is not directly influenced by whether an employee is casual or part or full time. It is driven by what is on the TFN Declaration (or subsequent variation).


  • Acctd4
    Acctd4 Accredited Partner Posts: 3,426 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert
    Options

    The employee tax code is based on their specific circumstances - eg whether they’re claiming the tax-free-threshold (TFT), if they have a HELP debt etc - rather than their employment basis.

    Many users are unaware that there are specific sections in the program with the list & explanations of all the available codes, options, tables, thresholds & dates etc !

    To view these, click on Employees (along top toolbar)

    • Under Tax Table Information, if you click on the Tax Table Info button, you'll see the various hyperlinks down the LHS. Key for Tables will display all the available Tax Codes & when to use them. (Tax File Numbers is another very useful one & will give you the various default TFNs to use where the employee has not provided you with their specific TFN).
    • Under Superannuation Information, you will find terminology explanations as well as what constitutes "Ordinary Time" Earnings (OTE) for attracting Super, due dates & Code explanations


    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: 3,307 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert
    Options

    Sorry Stephen totally on the wrong track, I can see that Shaz has helped you out