New Tax Table

MelbourneFootClinic
MelbourneFootClinic Member Posts: 3 Novice Member Novice Member
edited November 30 in Accounts Hosted

One of our employees queried her PAYG for last fortnight.

FN Gross = $2595, Reckon calculated tax = $614. ATO calculated from Fortnightly tables = $530. That's a big difference for our valued staff member.

I rang Reckon helpdesk who told me $614 was correct and to double check with ATO. I rang ATO and they said $530 was correct and advised me to adjust the tax to $530.

I need to feel confident that the new tax rates are correct moving forward. Any suggestions?

Thanks in advance

Comments

  • Rav
    Rav Administrator, Reckon Staff Posts: 14,235 Reckon Community Manager Community Manager

    Hi there @MelbourneFootClinic

    What is the setup of this particular employee in Reckon Accounts Hosted?

    Have you cross checked the tax amount in the ATO's online tax withheld calculator?

  • MelbourneFootClinic
    MelbourneFootClinic Member Posts: 3 Novice Member Novice Member

    Hi Rav, She's permanent part time with TFT. Checked the current FN Tax tables and confirmed with 'real person' at the tax office:)

  • Zappy
    Zappy Accredited Partner Posts: 5,258 Accredited Partner Accredited Partner

    Melbourne Foot I just tested this in my hosted system. I got the correct tax of $530.00


    What version of Reckon are you using?


    Call me if you think I can help Kevin 0407744914

  • MelbourneFootClinic
    MelbourneFootClinic Member Posts: 3 Novice Member Novice Member

    Thanks Kevin, I am using Reckon Hosted 2020. I'll double check all pays next pay period and if it hasn't resolved, I may be in touch.

  • Zappy
    Zappy Accredited Partner Posts: 5,258 Accredited Partner Accredited Partner

    Piece of cake. Im always here.

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