I just posted on here as an employee queried their payg was to high. I couldn't work out why as in their profile it definitely has the correct tax checked however if you go into their previous pays the tax code is showing as No TFT. How is this possible? I could understand if it was one and maybe someone accidently changed it but all of the pays have it. Is there some hidden setting
I think you should download the ATO weekly tax table 2017/18, not sure about how you used the ATO tax calculator because that amount is not right. ATO Tax table will show - With Tax Free Threshold amount and No Tax free threshold amount. The Tax Code you have showing for employee is No Tax Free Threshold which is a higher Tax to be withheld, which is used for when an employee has a second job. I hope this helps. Check with the employee as to whether they chose NO TFT or TFT on their TFN declaration form. Check their file again when you find this out and also have a look at the Payroll item list to see if the items are set up correctly.
That is weird, it shouldn't change, maybe check the Payroll items that you are using for that employee, edit the payroll items you are using to see if they are linked correctly via the Payroll Items List. I would be contacting Reckon direct, if you cannot rectify it, they should be able to help.
Hi Leanne. The tax is definitely calculating correctly for a fortnightly pay with a tax code of 1-No TFT. Does anybody else have access to your ledger and could they have now just changed it to 2-TFT? Knowing what you know, my suggestion is to run a dummy pay for your next pay, select just this employee, open the pay record and see if it is still showing as 1-No TFT. That is the easiest way to do a test. If it is still showing as 1-No TFT, you have a corrupted employee record. My suggestion then would be to change the employee record to actually show 1-No TFT and save. Then run your dummy pay and see what happens. Then go back to the employee record and change it again to 2-TFT and save it. Then do your dummy pay run again for just this employee and see what happens this time. If it again shows as 1-No TFT you have isolated your problem and will then need to seek help from Reckon Support. It may be that you might have to create a new Employee Record for this employee, but Reckon should have some idea as to what to do next.
John L G