PAYE Tax & SL different from IRD calculations - Accounts Hosted 2020 new update

Sepalika SiriwardhanaSepalika Siriwardhana Member Posts: 2
edited May 25 in Accounts Hosted
Hi, I had an issue with Payroll.
Employees with 130k annual salary fortnightly pay PAYE calculation is different in Reckon compared to IRD calculation. Could you let me know why this is, please? 

I also find that the Student Loan deductions are different in Reckon from what IRD calculated too.

Could someone let me know why this is or how to fix it to match IRD deductions, please?

Comments

  • Acctd4Acctd4 Accredited Partner Posts: 992 ✭✭✭
    edited May 25

    Hi Sepalika

     

    In Australia we have the ATO (& PAYG) rather than IRD (& PAYE) so I’m wondering if you are in NZ & have setup/are using the AU version rather than the NZ version ?

     

    Although the interface will essentially be/look the same as the Australian version, the NZ Reckon Accounts Hosted (like NZ RA desktop programs) is configured specifically for NZ taxes/payroll etc.

     

    For the NZ RAH, you should be logging in via: https://hostednz.reckon.com/RAHV2/ReckonAccountsLogon.aspx

     

    For the AU RAH, you should be logging in via: https://hosted.reckon.com/RAHV2/ReckonAccountsLogon.aspx

     

     

     

    Shaz Hughes Dip(Fin) ACQ NSW, MICB

    Reckon Accredited Professional Partner Bookkeeper / Registered BAS Agent (No: 92314 015)

    Accounted 4 Bookkeeping Services

    Ballajura, WA

    0422 886 003

    [email protected]

    www.accounted4bs.com


    Shaz Hughes Dip(Fin) ACQ NSW, MICB

    Reckon Accredited Partner (AP) Bookkeeper * Regd BAS Agent (No: 92314 015) *

    ICB-Certified Bookkeeper * Seasonal Tax Consultant since 2003

    Accounted 4 Bookkeeping Services

    Ballajura, WA

    0422 886 003

    [email protected]

    https://www.accounted4bs.com/

  • Sepalika SiriwardhanaSepalika Siriwardhana Member Posts: 2
    edited May 29
    Thanks Shaz. 
    Found out after doing a bit of searching that IRD (NZ) online tax calculator is somehouse making a mistake compared to their official 2021 Tax tables.
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