TAX TABLE FOR 2022/2023

Good Morning,

When will the tax table for the NEXT financial year be available? Will this automatically correct Super for the $450 per month threshold that is being removed? Or is it something that we will have to fix manually if this makes sense at all?

Thankyou!

Comments

Rachael Bonello

Also this is for Reckon Accounts Plus 2022.

Rav

Hi @Rachael Bonello

Our team is putting the tax table update through testing at the moment and is scheduled to release in the second half of next month.

It will accommodate changes to the Super thresholds including the default rate increase and minimum threshold removal. We'll have more info on this including guides coming very soon so stay tuned.

Zappy

Some time after the ATO produce the withholding schedules I would imagine. Theyre not known for their efficiency. Its the way it usually goes

Acctd4

@Rachael Bonello Just to clarify … they’re 2 separate areas - the tax calculation is independent of Super calculation.

Reckon usually releases the new FY tax update in late June. Previously, this release has also included an automatic update to the rate on your Super Items ☺️

Rachael Bonello

Thankyou everyone! Much appreciated