No tax free threshold not calculating
After a recent tax return it has come to our attention that a staff member with no tax free threshold (second job) is not paying enough tax. I have check employee card file and payroll tax table has ...
Forum Discussion
I brought this to the attention of the ATO and the Tax board in 2020, that the formula they had put out there was now not working for software providers.
In a 'nutshell', the ATO's reply was that the employee could make a payment arrangement for the tax bill!
Go on to their online tax calulator and put an employee as getting $1,500 a week from one employer and see the tax. Then go and do $1,000 from employer claiming threshold and $500 from other not claiming and see what they add to. Then multiply that by 52 weeks if the year to see the shortfall an employee would have if they worked this all the time.
Not good when the employee is hit with that, and they also thinks it is the employers' bad taxing. Not the ATO who is at fault.
