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what are the correct tax tables for 2019/2020 Tax year

Gisela

Comments

Rav

Hi Gisela,
If you're using Reckon Accounts Business 2019 (desktop), the tax table update is available for download and installation. There's more info here - Reckon Accounts 2019 Tax Update is available!

Gisela

Hi Ray I am currently using 2018 Accounts hosted and posted one pay-run through STP - I have not finalized the wages for 2018/19 but need to do a new payrun today - what should i do? please advise (btw how do i update STP for employees that finished throughout the year?) thank you

Tanya Marshall

If you go to Help and then My Licence Information it will show the Tax Table Version at the bottom. The most latest tax table is 1920282.

Rav

Hi Gisela
Hosted 2019 contains a new Finalisation function which brings up all employees paid throughout the financial year and allows you to mark them as final and send it through to the ATO.
I'll add some info in relation to this function below, but please only upgrade once you've completed everything you need to and are ready to do so, once you upgrade your company file cannot be opened in the older version.
Single Touch Payroll End of Year Finalisation

Reckon Accounts Hosted 2019

Maree Shepherd

Wondered whether this Tax Update takes account the tax cuts that passed the Federal Parliament last week or will there be another update?

Rav

Hi Maree,
The recent change is with the low income tax offset and not the tax tables so a second tax table update is not required.