Changing tax amount; removing $450 super threshold

iangc

Hi Rav, I'm just doing my first pay run on the new app; how do I change the tax amount (as the amounts do not reconcile with the tax table)?

Also I note that the app still incorrectly calculates super guarantee once $450 threshold is reached!!! When will this be removed?

Cheers

Joseph Li

I changed PAYG Withheld amount in the pay run I submitted last night.

Removal of the $450 per week income threshold for superannuation has not yet passed Parliament.

Rav

@iangc

If you're not able to see the toggle option to overwrite the existing tax calculation then you might be using an older version of the Payroll App. Grab the most up to date version from your app store, the ability to edit tax was released in v2.10.4 about 3 weeks ago but the latest version is 2.11.15.

Once you've downloaded the latest version, check out the info linked below -

https://help.reckon.com/article/20el8yr42i#payg_tax

Also I note that the app still incorrectly calculates super guarantee once $450 threshold is reached!!! When will this be removed?

Sorry can you clarify, how is the calculating super at the $450 threshold incorrect?

Do you mean that the calculation itself is incorrect?

iangc

Thanks Rav, the update to app has resolved my tax issue :-) As for the super threshold, my apologies as I see this will not come into effect till 2022. Cheers