Reckon One - Student loan

G. Daniels
G. Daniels Member Posts: 44 Reckoner Reckoner
edited December 2022 in Reckon One

Hi guys. We've got an employee that wants to pay for his student loan. We are using the reckon one version. We don't know how to do it. Please help.

Comments

  • Kris_Williams
    Kris_Williams Member Posts: 3,702 Reckon Accounts Hosted Elite Expert Reckon Accounts Hosted Expert
    edited December 2022

    If you are referring to his HECS debt it’s in the employee tax tab, tick the box for Subject to Study and Training support loans STSL. It is based on their income, but if the employer wants to pay more to repay the debt you can add extra tax.

  • GerryWinter
    GerryWinter Accredited Partner Posts: 1,372 Personal Range Elite Expert Personal Range Expert

    Are you using Reckon One or Hosted?

    Gerry id 6376

    Gerhard Winter

    Ph. 0418907140

    Reckon Store Next Door

    "Always at your Service"

    Email: gwinter0808@gmail.com

  • Kris_Williams
    Kris_Williams Member Posts: 3,702 Reckon Accounts Hosted Elite Expert Reckon Accounts Hosted Expert

    Reckon One Gerry, she actually stated that, I hope my answer was correct, so I am happy if you can confirm

  • G. Daniels
    G. Daniels Member Posts: 44 Reckoner Reckoner

    Thanks guys. Yes I am using Reckon One. So if I tick the box for STSL, I don't need to do anything anymore?

  • Kris_Williams
    Kris_Williams Member Posts: 3,702 Reckon Accounts Hosted Elite Expert Reckon Accounts Hosted Expert
    edited December 2022

    Technically you don’t, but depending on how much he earns no extra tax maybe deducted. I would check the tax and see if it is now taking extra, otherwise he may want you to deduct extra manually, that can easily be setup as well

  • zaighamlilani
    zaighamlilani Member Posts: 14 Novice Member Novice Member
    edited July 2023
    • Morning - we have just migrated to STP Phase 2. I am unable to amend the STSL boxes anymore (I need to tick it). Any suggestions or advise please? Unsure if it is because there is no Regular option to select from for STP Tax Category - all we can choose from is Actor, Horticulturists and Shearers and Seniors and Pensioners.


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  • zaighamlilani
    zaighamlilani Member Posts: 14 Novice Member Novice Member

    Found the answer after calling Reckon:

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