Reckon One is now Single Touch Payroll (STP) enabled and compliant with the ATO's new regulation. We have also updated Reckon One with the latest compliance changes including:
2018 / 19 PAYG Tax Tables
Changes to income tax tables (including some tax cuts) will take effect from 1 July 2018. The 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 with 20+ employees to report all employee payroll info to the ATO at the same time as their standard pay run instead of at the end of financial year.
If you have 19 or less employees, STP will be mandatory from 1 July 2019 (subject to legislation being passed). However, you may voluntarily move to STP earlier to take advantage of the streamlined payroll process. Visit our STP Resource Hub to learn how to set it up and lodge a STP report.
Log in now and submit your EOFY lodgement before the due date.
Make this your best tax season yet! Check out our EOFY Hub - it's packed with resources to help you breeze through this busy period.
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.
ATTEND OUR GOVCONNECT STP WEBINAR FOR RECKON ONE
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 One.
Wednesday 4 July 2018, 2:00PM - 3:00PM (AEST)
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