Updated tax table but employees paid already for last week
Hi, I pay my employees weekly and the last pay date was on 18th October. This new tax update commences from 13th October. I am guessing I need to
1) download and install the new tax tables
2) unlock the employee payslip and manually change the tax amount, which may/may not be different
3) do the next weeks payslip ie 28/10 so I know how much to alter the last payslip by.
4) send a full file replacement STP for the previous payweek done on the 19/10
5) once that is successful, send in the new payrun STP for the pay on 28/10.
6) make any +/- $ changes to the pays to be sent to employees on 28/10.
Can you please confirm the above process is the correct way to go before I start doing anything.
Thanks
Comments
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Unfortunately it didn't cross my mind that new tax tables were coming in October which is why I went ahead and paid the employees. The tax difference is very slight, however if anyone can respond my above message I would be grateful. Thanks
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I wouldn’t worry about changing the last Pay purely for the new tax tables ... Employees will get any extra tax back that they’re owed in their 2021 tax return
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Ok, thank you for replying. :)
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