Withholding Variation

Nicole_6983565
Nicole_6983565 Member Posts: 3 ✭
edited June 2020 in Accounts Hosted
I have received a letter from the ATO regarding a withholding variation for one of my employees. How do  I vary the withholding rate in Reckon Accounts Hosted?

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  • Linda ABC
    Linda ABC Accredited Partner Posts: 1,131 Accredited Partner Accredited Partner
    edited June 2020
    Go to the Taxes tab for that employee - there are various options there to add or deduct set amounts, change the percentage etc...
  • Nicole_6983565
    Nicole_6983565 Member Posts: 3 ✭
    edited July 2019
    Thank you for replying Linda. I did go into the taxes tab and entered 18% in the tax percentage box (which is what the withholding variation is). When I go to process a payroll, the PAYG tax is the same amount as before I entered the 18%. i thought the amount of PAYG would have changed given I have added the 18%?
  • Nicole_6983565
    Nicole_6983565 Member Posts: 3 ✭
    edited July 2019
    Linda quick question - do I need to change the tax code to # 1 - NoTFT?
    If I leave the code as TFT, will it just calculate PAYG tax rates automatically despite me putting the 18% in?
  • Robyn Kelly (Partner)
    Robyn Kelly (Partner) Accredited Partner Posts: 474 Accredited Partner Accredited Partner
    edited September 2019
    You need to change the Tax Scale to "Voluntary/Flat rate".
    Regards, Robyn Kelly

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