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RachPS4
Level 1

How do I check the income tax rates are correct?

Wondering how I can check the income tax rates are correctly updated in QBO?  I have an employee who has for the first time received a bill after lodging her tax return.  We are her only employer and I have checked the tax declaration information is correct.

3 Comments 3
IntuitSheila
Level 8

How do I check the income tax rates are correct?

Hi Rachel,

 

Thanks for posting in the Community!

 

Are you referring to the figures reported to your paid employees? If yes, reported figures to the ATO is based from your Single Touch Payroll report and created pay runs. Let me guide you on how to run the report.

 

  1. Click on the Payroll tab.
  2. Click on Reports.
  3. Click on the Detailed Activity report.
  4. Filter the report period or date range and other fields.
  5. Click on Run Report.

 

Anther area to check is your Single Touch Payroll report through the Payroll tab and then click on Reports. Review the figures and verify if it is accurate.

 

Post again in the Community if you have further questions about QuickBooks Online. 

RachPS4
Level 1

How do I check the income tax rates are correct?

Thanks for your reply, I want to check that the ATO rates are inputted correctly...  How I check the percentage deducted per bracket is loaded correctly?

 

 

 

IntuitSheila
Level 8

How do I check the income tax rates are correct?

Thanks for getting back to us, Rachel.

 

Tax calculation is based on the employees set up in the QuickBooks Online payroll file. To check each employee set up is go to the Payroll tab  and select the employee name and go to Tax File Declaration.

 

You can refer to the tax table based from the ATO guidelines: https://quickbooks.intuit.com/au/taxes/tax-tables/ from here we can see the tax brackets based on your frequency. You can also scroll down and go to the section saying Easy access to tax tables and select your frequency.

 

If you have further questions, I recommend contacting directly our Customer Care Team through the Help (?) in QuickBooks Online and click on the Contact Us.