📢 Important info for Victoria State Payroll Tax - Reckon Accounts Hosted 2024
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 Hosted 2024, the State Payroll Tax Report within Reckon Accounts Hosted currently reflects the previous threshold.
Our team have put together a guide with important info on this including instructions for our Reckon Accounts Hosted users on how to edit the report to the new threshold. Check out the guide below.
This will be corrected in the next release of Reckon Accounts Hosted.
Our since apologies for any confusion this may have caused and if you have any questions please feel free to ask below and we'll do our best to assist.
Comments
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Great work Reckon team 👌😊
Shaz Hughes Dip(Fin) ACQ NSW, MICB
*** Reckon Accredited Partner (AP) Bookkeeper - specialising EXCLUSIVELY in Reckon Accounts / Hosted ! *** Bookkeeping & 1-on-1 customised software Training/Troubleshooting ***
* Regd BAS Agent (No: 92314 015)* ICB-Certified Bookkeeper* Snr Seasonal Tax Consultant since 2003 *
Accounted 4 Bookkeeping Services
Ballajura, WA
(NB: Please give my post a Like or mark as Accepted Answer if I have been able to resolve your query as this helps others when seeking solutions!)
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sincere
Also, thanks for the update
Good job
Kr
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