📢 Important info for Victoria State Payroll Tax - Reckon Accounts

Rav
Rav Administrator, Reckon Staff Posts: 16,608 Reckon Community Manager Community Manager
edited August 6 in 📢 Reckon Accounts Desktop - Announcements
Vic State Payroll Tax.png

Hi everyone

On the 27th of July 2024, the Victoria State Revenue Office published changes to the Payroll Tax Threshold:

  • From 1 July 2024, the payroll tax rate for Victoria is unchanged and remains at 4.85%.
  • However, the payroll tax threshold is lifted from $700,000 to $900,000.

As these changes were made public after the release of Reckon Accounts 2024, the State Payroll Tax Report within Reckon Accounts Business currently reflects the previous threshold.

Our team have put together a guide with important info on this including a drop-in download file for our Reckon Accounts Desktop 2024 users to update the threshold. Check out the article below.

https://help.reckon.com/article/0b6ywicz45

If you have any questions, please feel free to ask below and we'll do our best to assist.

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