PAYG Tax

Hi, I have just had a new employee question the tax on her Payslip, and when I have checked it, the tax amount is around $120 more that I have calculated. This led me to check some of the other employees and the Reckon calculation is much higher than I calculate using the ATO and numerous other calculators. I am using Reckon Accounts Hosted.

Accepted answers

Bruce

I have consistently found the PAYG amounts calculated by Hosted to be correct. Invariably the variances I have experienced have arisen because the set up of employees/payroll items in the system has been incorrect

The sorts of things I would be checking are:

set up of any salary sacrifice supn
making sure correct tax code is used for employees
making sure employees are not being incorrectly treated as having HELP debts

All comments

Bruce

The sorts of things I would be checking are:

set up of any salary sacrifice supn
making sure correct tax code is used for employees
making sure employees are not being incorrectly treated as having HELP debts

Acctd4

The PAYG will calculate according to your setup. As Bruce has stated, if the calculations are consistently incorrect, this will be due to how your Employees’ Tax info &/or Payroll Items have been setup/configured.

crankins

HI, Thanks for the assistance, problem solved. It was in the Superannuation setup