Payroll Tax Table Update for 1 July 2020

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Rosie
Rosie Member Posts: 120 ✭✭
edited August 2020 in Reckon Accounts (Desktop)
Hi there,

Is the Tax Table Update available for 20/21 yet? I can't see the section I usually find on the webpage for Reckons Accounts Premier Desktop where I order the DVD to be sent out with the tax table update.
Thanks

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  • Rosie
    Rosie Member Posts: 120 ✭✭
    edited June 2020
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    Yes. There is usually a tax table update that is released by Reckon that needs to be installed before the first pay each year. Reckon popped up with a prompt to remind me so I thought I had better check.
  • Sari_9173306
    Sari_9173306 Member Posts: 15
    edited June 2020
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    Hi Rosie,
    I too saw the pop up but I am thinking it's just an inbuild reminder. It appears there are no changes to the tax tables and thresholds, but I am keen to see what reckon releases.
  • Rav
    Rav Administrator, Reckon Staff Posts: 15,573 Community Manager Community Manager
    edited July 2020
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    Hi all,
    There's some info in the article I've linked below on the changes coming to Reckon Accounts 2020 along with the tax table update. They are due for release this week within the next couple of days.

    What's New - Reckon Accounts 2020 R2

    ℹ️ Stay up to date with important news & announcements for your Reckon software! Click HERE for more info.

  • Sari_9173306
    Sari_9173306 Member Posts: 15
    edited June 2020
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    Thanks Rav! I think that's what we're all waitig for!

  • Rosie
    Rosie Member Posts: 120 ✭✭
    edited June 2020
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    Thanks Rav! That's great news. Looking forward to this update with the STP submission of TFN declarations. Hopefully this will be released soon.
  • lesleigh
    lesleigh Member Posts: 2
    edited June 2020
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    Is this the same for Reckon Enterprise???
  • Henry Zaragoza
    Henry Zaragoza Member Posts: 1
    edited June 2020
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    How do you update Tax Table on Reckon Hosted?

  • Acctd4
    Acctd4 Accredited Partner Posts: 3,465 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert
    edited June 2020
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    Hi Henry

     

    You don’t need to install any updates on Hosted – Reckon does them.

     

    There are now links to detailed instructions along with a new “Launch Accounts 2020 R2” button when you login to Hosted where you can have RAH “Update” your data file for use in 2020 R2.

    NOTE: You cannot revert back to a previous version once your file has been opened (updated) to/into R2.

     

    As per the instructions, you should generate & print some financial reports (eg P&L, Balance Sheet) from your current (R1) version file - for comparison, post-update - & always “Verify” & “Backup” the current file before updating.  

     

    Shaz Hughes Dip(Fin) ACQ NSW, MICB

    Reckon Accredited Professional Partner Bookkeeper / Registered BAS Agent (No: 92314 015)

    Accounted 4 Bookkeeping Services

    Ballajura, WA

    0422 886 003

    shazinoz2@bigpond.com

    www.accounted4bs.com


    Shaz Hughes Dip(Fin) ACQ NSW, MICB

    *** Reckon Accredited Partner (AP) Bookkeeper - specialising EXCLUSIVELY in Reckon Accounts / Hosted ! ***

    * Regd BAS Agent (No: 92314 015)* ICB-Certified Bookkeeper* Snr Seasonal Tax Consultant since 2003 *

    Accounted 4 Bookkeeping Services

    Ballajura, WA

    shaz@accounted4.com.au

    https://accounted4.com.au

    (NB: Please give my post a Like or mark as Accepted Answer if I have been able to resolve your query as this helps others when seeking solutions!)
  • Paul Foley
    Paul Foley Member Posts: 1
    edited July 2020
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    OK - so what is the answer about Tax Tables for July1, 2020 (FY2021)? Are we getting an update file? We're running Reckon Accounts Premier (Desktop) Accountant Edition 2019 R2P. Thanks!
  • Kris_Williams
    Kris_Williams Member Posts: 3,363 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert
    edited July 2020
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    The normal tax scales didn’t change, refer to Kevin’s post above
  • Lance Arthy
    Lance Arthy Member Posts: 19
    edited July 2020
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    Hi Paul Foley. 

    Even though there aren't any tax changes there is a new tax table. It will be in your account.

    Go to this page https://members.reckon.com/Login.aspx?ReturnUrl=%2fdefault.aspx

  • Narelle Adams
    Narelle Adams Member Posts: 2
    edited August 2020
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    Hi guys

    Could anyone advise as to whether we needed to download the new tax table for 20/21 even though there were no changes? Mine disappeared in the download window. A quick response would be greatly appreciated.
  • Narelle Adams
    Narelle Adams Member Posts: 2
    edited August 2020
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    Yes. thank you. All sorted.