Reckon Payroll App tax update is live!

Rav
Rav Administrator Posts: 13,085 Community Manager Community Manager
edited October 26 in Reckon Payroll App

Reckon Payroll App tax update is now live!

Simply sign in to Reckon Payroll mobile app or online to breeze through the 2022/23 financial year with the following updates!


2022/23 PAYG tax tables

Changes to income tax tables will take effect from 1 July 2022 including Student Loan repayments. The Reckon Payroll App will automatically choose the 2022/23 PAYG tax tables when you create your first pay run dated from 1 July 2022 onward, 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 10% to 10.5%. Reckon Payroll contains this update.


Removal of Superannuation Guarantee threshold

The ATO has announced the removal of $450 per month threshold of superannuation guarantee as of 1st July 2022. Reckon Payroll contains this update. To learn more about this change check out info from the ATO here.