Reckon Accounts Hosted 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 to the ATO 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.
HOW TO UPGRADE
When you log in to Accounts Hosted, you will see a new 'Accounts 2018 R2' button which contains a link to the new tax update. We recommend that you read the upgrade guide before updating your file.
Important: The new tax tables take effect from 1 July 2018. You must process employee pays for the 2018/19 financial year prior to updating your file. Once you have updated your file, you will not be able to re-open the original Reckon Accounts 2017 release.
ATTEND OUR GOVCONNECT STP WEBINAR FOR RECKON ACCOUNTS HOSTED
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 Accounts Hosted.
Thursday 5 July 2018 | 11:00am to 12:00pm (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.
Be the first to post a reply!