Reckon One 2020/21 tax update is live!

Rav Administrator, Reckon Staff Posts: 15,078 Community Manager Community Manager
edited June 2020 in Reckon One

Hi everyone!
The Reckon One 2020 tax update is now live! 
Login now to breeze through the 2020/21 financial year with the following tax updates:
  • 2020/21 PAYG TAX TABLES
Changes to income tax tables will take effect from 1 July 2020, including the Student Loan repayments. Reckon One will automatically choose the 2020/21 PAYG tax tables when you create the first pay run from 1 July 2020, so you are always paying the correct amount.
This update includes the latest NSW state payroll threshold that has been increased from $900,000 to $1 million, effective from 1 July 2020.
View all of your employees pay slips from a centralised list under the Payroll side navigation menu. Users with the 'Employee' role can sign in to the book to print and email their own pay slips.

We're here to help
We've put together a step by step guide for end of financial year finalisation with Reckon One and an easy How-To video to get you ready to lodge your end of year STP reports to the ATO. The most common questions and answers that arise when using and/or setting up STP can be found here.

We've also extended our support hours from 23 June to 12 July 2019 to assist you during the EOFY period. Don't forget to check out our EOFY Hub - it's packed with resources to help you through this busy time!