Christmas Holiday Payroll Tax Amounts

Torrene

This is the first year using reckon hosted for our Christmas pays. We close down for 2 weeks over the christmas period so our employees get paid for 2 fortnights in 1 (including annual leave/public holidays during that time).

On our old reckon you could set the payroll up so it was spread over 2 fortnights in 1 pay run (therefore tax being calculated normally/spread evenly & not as if they have a bulk tax payment). Is there a way we can do the same thing on reckon hosted so our workers don't pay double tax?

Acctd4

Whatever you could do in any of the Reckon Accounts products, you can also do in Hosted as Hosted is just a higher version (eg has more, additional features) 😀

The tax calculation is determined by the Pay Period eg it will deduct more tax for a week than on the same earnings for a fortnight (as there is more tax payable, the more you earn)

There is an option on each employee's Paycheque called Advanced Hol. Payment that you can tick & specify the number of pay periods it is covering: