FYE 25/26 Payroll

cl3arwat3r
cl3arwat3r Member Posts: 6 Novice Member Novice Member
in Accounts Hosted

Assuming no change to tax rates in FYE 2026 I have been getting a different PAYG for July 25 compared to June25.

The PAYG is actually reflecting higher in July25

Assumption gross payment $2750 with TFT PAYG should be $243.00 however when notionally preparing for July the PAYG is reflecting $303.00

I've checked & checked but still can't identify the reason for the different PAYG in the new tax year.

Any advice would be appreciated.

Comments

  • Zappy
    Zappy Accredited Partner Posts: 5,386 Accredited Partner Accredited Partner

    @cl3arwat3r

    Have you checked the TWC on the ATO website?

    Cheers

    Zappy

  • Eric Murphy
    Eric Murphy Member Posts: 411 Reckon Hall of Famer Reckon Hall of Famer

    Is there any difference in how you're creating the pay run vs last month? Is the employee a student? I think there were some minor changes for them?

  • cl3arwat3r
    cl3arwat3r Member Posts: 6 Novice Member Novice Member

    Thx Eric - no changes & no student employee.

    Mike

  • cl3arwat3r
    cl3arwat3r Member Posts: 6 Novice Member Novice Member

    Thx Zappy,

    If "TWC" refers to the ATO tax withholding tables, have manually calculated the PAYG for first monthly payment for the new tax year. There is a difference between the Reckon PAYG calc & the ATO tables. - not large but it is confusing.

    Have rechecked the payroll setup but cannot see any obvious error.

    Mike

  • Acctd4
    Acctd4 Accredited Partner Posts: 4,113 Reckon Accounts Hosted Elite Expert Reckon Accounts Hosted Expert
    edited July 14

    Hi @cl3arwat3r

    Have you checked the pay period is the same ?

    Is there any different Payroll Item being used on the July one (eg a different Super) ? If so, check its config as it may be incorrectly calculating additional tax 🤔

    Can you post a screenshot of the Taxes tab ? (You can block out any identifying info)

    Shaz Hughes Dip(Fin) ACQ NSW, MICB

    *** Reckon Accredited Partner (AP) Bookkeeper - specialising EXCLUSIVELY in Reckon Accounts / Hosted ! *** Bookkeeping & 1-on-1 customised software Training/Troubleshooting ***

    * Regd BAS Agent (No: 92314 015)* ICB-Certified Bookkeeper* Snr Seasonal Tax Consultant since 2003 *

    Accounted 4 Bookkeeping Services

    Ballajura, WA

    shaz@accounted4.com.au

    https://accounted4.com.au

    (NB: Please give my post a Like or mark as Accepted Answer if I have been able to resolve your query as this helps others when seeking solutions!)
  • Kris_Williams
    Kris_Williams Member Posts: 4,184 Reckon Hall of Famer Reckon Hall of Famer

    I think the payroll item for super has got PAYG ticked when it shouldn’t have because that makes rhe PAYG figure 303

  • cl3arwat3r
    cl3arwat3r Member Posts: 6 Novice Member Novice Member

    That's it Kris - when I removed the tick for PAYG in the payroll item for super it sorted.

    So obvious hey - but I simply missed it!

    Thank you so much for your assistance - very much appreciated.

  • cl3arwat3r
    cl3arwat3r Member Posts: 6 Novice Member Novice Member

    Thank you acctd4.

    Issue resolved now but thank you for your advice.

  • Kris_Williams
    Kris_Williams Member Posts: 4,184 Reckon Hall of Famer Reckon Hall of Famer

    glad you’re sorted…..

  • John Graetz
    John Graetz Member Posts: 1,593 Reckon Hall of Famer Reckon Hall of Famer

    I find that the easiest way to check tax amounts is to use the ATO app on my phone. It provides a tab for Tax Withheld Calculator. I have been using it for years and would not be without it.

  • Zappy
    Zappy Accredited Partner Posts: 5,386 Accredited Partner Accredited Partner

    @John Graetz

    I might have already mentioned the TWC

    Easiest thing in the world to navigate

    Easier than pulling out all the tables

    Kr

  • cl3arwat3r
    cl3arwat3r Member Posts: 6 Novice Member Novice Member

    Thanks John.

    Downloaded the ATO app.

    Yep, it is convenient

  • Zappy
    Zappy Accredited Partner Posts: 5,386 Accredited Partner Accredited Partner
    edited July 15

    @cl3arwat3r

    TWC = Tax withholding calculator

    Kr

  • John Graetz
    John Graetz Member Posts: 1,593 Reckon Hall of Famer Reckon Hall of Famer

    Sorry Kevin. At the time I didn't recognise what you were referring to when you mentioned TWC on the website, hence why I referred to the ATO app on my phone and its full title of Tax Withholding Calculator.

  • Zappy
    Zappy Accredited Partner Posts: 5,386 Accredited Partner Accredited Partner

    @John G

    Piece o cake

    Good idea to check especially the first week of new tables.

    Kr

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