QuickBooks Q&A
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Hi allI have found out that the income tax setting for myself as an employee is not correct.I have found this out by the amount payable under PAYG withheld for Employees.I thought it was a bit high but until yesterday when lots of other issues were sorted out and now have a potential triple BAS payment amount for the qtr.Example.Salary for the year is $45k, therefore, income tax should be $6172.00 according to the ATO simple income tax calculator. QB has somehow automatically set rates so that is has deducted $11649.00 The pay runs have been lodged thru STP obviously throughout the year. But the BAS for the last qtr has not. How can I amend the Payruns done in the last qtr so that the amount due on the BAS is corrected and that the amount due is greatly reduced or realistically a negative amount?More importantly, how has QB used or obtained the rates it is using and how do I change them? Roger
The Payrun was submitted on 8/5/20 & is still "submitting to ATO"
GST
Before you could see more details in list of invoices found meaning you can see the customer name and match immediately. Now you need more clicks to match. its a step backward.
Why doesn't GST paid to the ATO appear on my P&L or Tax Report as a Business Expense??
Im trying to generate the payment summaries for the 2019-2020 FY, however there is not a generate button or anything that appears? It does have a note that says I do not have to generate or lodge a payment summery if I've been using STP however I do not report this way and have double checked and it is definitely disabled? Please help!
