Updated tax table but employees paid already for last week

Dianne Poon
Dianne Poon Member Posts: 23 Reckoner Reckoner

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

  • Dianne Poon
    Dianne Poon Member Posts: 23 Reckoner Reckoner

    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

  • Acctd4
    Acctd4 Accredited Partner Posts: 4,226 Reckon Accounts Hosted Elite Expert Reckon Accounts Hosted Expert
    edited October 2020

    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

  • Dianne Poon
    Dianne Poon Member Posts: 23 Reckoner Reckoner

    Ok, thank you for replying. :)

This discussion has been closed.