📢 Important info for Victoria State Payroll Tax - Reckon Accounts Hosted 2024

Rav
Rav Administrator, Reckon Staff Posts: 16,522 Reckon Community Manager Community Manager
edited August 6 in 📢 Reckon Accounts Hosted - 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 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.

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

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

  • Acctd4
    Acctd4 Accredited Partner Posts: 3,791 Reckon Accounts Hosted Elite Expert Reckon Accounts Hosted Expert

    Great work Reckon team 👌😊

    Shaz Hughes Dip(Fin) ACQ NSW, MICB

    *** Reckon Accredited Partner (AP) Bookkeeper - specialising EXCLUSIVELY in Reckon Accounts / Hosted ! ***

    * Regd BAS Agent (No: 92314 015)* ICB-Certified Bookkeeper* Snr Seasonal Tax Consultant since 2003 *

    Accounted 4 Bookkeeping Services

    Ballajura, WA

    shaz@accounted4.com.au

    https://accounted4.com.au

    (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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