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