PAYG Is Calculating too high. What can I double check?


I have double checked the payroll items as per previous discussions. Can anybody advise what else I've possibly done incorrectly?
Answers
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I donโt think itโs the wrong tax bracket for the employee but check that first of all in the employee details - TFT 1 or 2
Secondly while youโre there look at the extra tax box and see if it is set to take extra tax
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- Do they have a HELP (previously โHECSโ) debt ? Check if this has been incorrectly ticked in their Taxes tab.
- The Paycheque pay period dates shows it's for a week. Is that correct or should it be for a fortnight ?
- Make sure you also check that "Vision - SY" Super Payroll Item (Sometimes this can be inadvertently selected for PAYG & needs to be unticked ๐ฌ)
Shaz Hughes Dip(Fin) ACQ NSW, MICB
*** Reckon Accredited Partner (AP) Bookkeeper - specialising EXCLUSIVELY in Reckon Accounts / Hosted ! *** Bookkeeping & 1-on-1 customised software Training/Troubleshooting ***
* Regd BAS Agent (No: 92314 015)* ICB-Certified Bookkeeper* Snr Seasonal Tax Consultant since 2003 *
Accounted 4 Bookkeeping Services
Ballajura, WA
(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!)
0 - Do they have a HELP (previously โHECSโ) debt ? Check if this has been incorrectly ticked in their Taxes tab.
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Hi Kris and Sharon,
Thanks for your help. It was the super - pays to double check!! I'll check them all again manually tomorrow when I run payroll and make sure they're calculating correctly.
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Good on you thanks to @Acctd4
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Good to hear @Vicki_10862349 ! ๐๐ป๐๐ป
Shaz Hughes Dip(Fin) ACQ NSW, MICB
*** Reckon Accredited Partner (AP) Bookkeeper - specialising EXCLUSIVELY in Reckon Accounts / Hosted ! *** Bookkeeping & 1-on-1 customised software Training/Troubleshooting ***
* Regd BAS Agent (No: 92314 015)* ICB-Certified Bookkeeper* Snr Seasonal Tax Consultant since 2003 *
Accounted 4 Bookkeeping Services
Ballajura, WA
(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!)
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