Christmas Holiday Payroll Tax Amounts
This is the first year using reckon hosted for our Christmas pays. We close down for 2 weeks over the christmas period so our employees get paid for 2 fortnights in 1 (including annual leave/public holidays during that time).
On our old reckon you could set the payroll up so it was spread over 2 fortnights in 1 pay run (therefore tax being calculated normally/spread evenly & not as if they have a bulk tax payment). Is there a way we can do the same thing on reckon hosted so our workers don't pay double tax?
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Whatever you could do in any of the Reckon Accounts products, you can also do in Hosted as Hosted is just a higher version (eg has more, additional features) 😀
The tax calculation is determined by the Pay Period eg it will deduct more tax for a week than on the same earnings for a fortnight (as there is more tax payable, the more you earn)
There is an option on each employee's Paycheque called Advanced Hol. Payment that you can tick & specify the number of pay periods it is covering:
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