Reckon Accounts 2018 is now Single Touch Payroll (STP) enabled and compliant with the ATO's new regulation.
This update contains the latest legislative changes to help you remain compliant in the 2018/19 financial year including:
2018/19 PAYG tax tables
Changes to income tax tables (including some tax cuts) will take effect from 1 July 2018. The new tax rates are automatically calculated so you are always paying the correct amount.
STP reporting through the GovConnect STP application
Single Touch Payroll (STP) is a new regulation that requires businesses to send all employee payroll info at the same time as their standard pay run instead of at the end of financial year. Visit our STP Resource Hub to learn how to set it up and lodge a STP report.
INSTALLING THE TAX UPDATE
Please follow these steps to install the Reckon Accounts 2018 tax update.
Ensure you have installed and activated your copy of Reckon Accounts 2018 (the tax update cannot be installed on earlier versions of the software). If you have not installed Reckon Accounts 2018, log in to the Members Site to access your installation key code and download now.
Read and follow the instructions in the upgrade guide for important guidelines on when and how to install the update.
Important: The new tax tables take effect from 1 July 2018. You must process employee pays for the 2017/18 financial year prior to installing this update. Once the tax update is installed and your data file is opened, you will not be able to re-open your file in the earlier version of Reckon Accounts.
ATTEND OUR GOVCONNECT STP WEBINAR FOR RECKON ACCOUNTS
Learn more about STP and get a step-by-step demonstration of how to sign up for GovConnect STP and submit payroll data to the ATO from Reckon Accounts.
Friday 29 June 2018 | 2:00pm to 3:00pm (AEST) |
WE'RE HERE TO HELP
To assist you during the EOFY period, we have extended our support hours from 27 June to 8 July 2018. Click here for more info.
And don't forget to check out our EOFY Hub - it's packed with resources to help you breeze through this busy period.
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