State Payroll tax Incorrect for 1 st July 2018

  • 1
  • Problem
  • Updated 1 month ago
The Threshold for this financial year is incorrect it should be $650,000 not $625,000 and the threshold link doesn't work in Employee drop down
Photo of Danny Loypur

Danny Loypur

  • 114 Points 100 badge 2x thumb

Posted 3 months ago

  • 1
Photo of Rav

Rav, Community Manager

  • 61,234 Points 50k badge 2x thumb
Hi Danny,
Thanks for raising this, I've had a chat with our product team about this and unfortunately due to the timing of this change it was too late to include in the initial release.

Please check out this KB article for more info -
State Payroll tax changes in NSW and VIC for 2018/19
Photo of Danny Loypur

Danny Loypur

  • 114 Points 100 badge 2x thumb
Hi Rav
I understand what your saying but the thresholds were announced way before 1st of July 2018. I only changed to Reckon hosted because you guys sell it as the best software to have with the latest tax tables and your software is always compliant. Otherwise I could have stayed with the desktop version if I need to edit things manually.
Regards
Danny
Photo of Nancy May

Nancy May

  • 184 Points 100 badge 2x thumb
Hello, we are regional employers and I have already been changing the report manually to account for the different percentage rate. Would love it if Reckon added both the opportunity to tick a box for regional employers in Victoria as well as updating the default threshold change to their list of "to do jobs" to make that report worth printing. Thanks heaps :-)
Photo of Danny Loypur

Danny Loypur

  • 114 Points 100 badge 2x thumb
Hi Rav
Any update when the update is coming for the Payroll tax?
Regards
Danny
Photo of Danny Loypur

Danny Loypur

  • 114 Points 100 badge 2x thumb
WHEN IS THE UPDATE COMING????
Photo of SusanR

SusanR, Accredited Partner

  • 1,938 Points 1k badge 2x thumb
Hi Rav,
Can you please check with Development and advise of a date for the TTU to suit the Victorian State Payroll Tax?  I have client's who rely on correct reporting from their accounting solution.
Cheers, Sue
Photo of Rav

Rav, Community Manager

  • 61,122 Points 50k badge 2x thumb
Hi guys,
Apologies for the delay in getting back to you on this. 

In regard to Hosted, we're looking at a release in September (exact date to be confirmed) which will include the update to State Payroll Tax thresholds.

A patch for Reckon Accounts Business (desktop) is currently available here -
Reckon Accounts Business 2018 R2.1 patch
Photo of Rav

Rav, Community Manager

  • 61,234 Points 50k badge 2x thumb
Reckon Accounts Hosted received an update yesterday afternoon, part of that update included a change to State Payroll Tax thresholds to their current levels.

If you continue to experience any disparities in relation to this area, please let us know.

Thank you all for your patience.