Reckon Accounts 2021 tax update is now available!

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The Reckon Accounts 2021 tax update is now available!

This update will ensure you remain compliant and breeze through the 2021/22 financial year.

2021/22 PAYG tax tables

Changes to income tax tables will take effect from 1 July 2021, including the Student Loan repayments. The new tax rates are automatically calculated so you are always paying the correct amount.

Superannuation guarantee default rate increase

The ATO has announced an increase to the default superannuation guarantee rate as of 1st July 2021, from 9.5% to 10%. Reckon Accounts 2021 contains this update.

Links

Reckon Accounts 2021 has the capability to attach links to external files, such as documents or images, to various lists and transactions - allowing you to promote good storage practices within your business.

To find out all the new features and enhancements, check out out guide below!

https://help.reckon.com/article/oddy7k5ws1-what-s-new-reckon-accounts-2021-r-2

INSTALLING THE TAX UPDATE

Please follow these steps to install the Reckon Accounts 2021 tax update.

1. Ensure you have installed and activated your copy of Reckon Accounts 2021 (the tax update cannot be installed on earlier versions of the software). If you have not installed Reckon Accounts 2021, log in to the Members Site to access your installation key code and download now.
2. Read and follow the instructions in the upgrade guide below for important guidelines on when and how to install the update.

https://help.reckon.com/article/laujx7c58r-installation-guide-reckon-accounts-2021-r-2

Important!

The new tax tables take effect from 1 July 2021. You must process employee pays for the 2020/21 financial year PRIOR to installing this update. Once the tax update is installed and your data file is opened, you will not be able to re-open your file in the earlier version of Reckon Accounts.

Don't forget to check out our EOFY Hub - it's packed with resources to help you through this busy time!