Taxes for employee - Federal Code which one do I used?
Comments
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Hi Melina
It depends on the specific employee, including their selections on their TFN Declaration Form.
The explanation of each of the listed codes can be found within the program:
Employees (dropdown menu) > Tax Table Information > Tax Table Info > Key for Tables
Shaz Hughes Dip(Fin) ACQ NSW, MICB
Reckon Accredited Professional Partner Bookkeeper / Registered BAS Agent (No: 92314 015)
Accounted 4 Bookkeeping Services
Ballajura, WA
0422 886 003
Shaz Hughes Dip(Fin) ACQ NSW, MICB
*** Reckon Accredited Partner (AP) Bookkeeper - specialising EXCLUSIVELY in Reckon Accounts / Hosted ! ***
* Regd BAS Agent (No: 92314 015)* ICB-Certified Bookkeeper* Snr Seasonal Tax Consultant since 2003 *
Accounted 4 Bookkeeping Services
Ballajura, WA
(NB: Please give my post a Like or mark as Accepted Answer if I have been able to resolve your query as this helps others when seeking solutions!)
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Thanks Shaz.
You might be able to help me with another question, I went to enable STP on Reckon and its not there to enable why would that be?
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Shaz. If you are using Hosted 2019 it is already enabled by default as STP is now required to be carried out by everybody.
John L G0 -
Thank you and yes I am using Hosted 2019.0
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Hi Melina
The STP feature is enabled via your Employee & Payroll Preferences in 2018 Patch Release (“R”) 2 & 2019 Release (“R”) 1 (accessed via the Edit dropdown menu)
If you installed the full update (2019 R2) then I believe it’s automatically enabled as it was generally compulsory for all employers from 1st of this month.
To check which version you’re on, press the F2 key on your keyboard to display the Product Information window. The first line states what product & version you’re using.
Shaz Hughes Dip(Fin) ACQ NSW, MICB
Reckon Accredited Professional Partner Bookkeeper / Registered BAS Agent (No: 92314 015)
Accounted 4 Bookkeeping Services
Ballajura, WA
0422 886 003
Write a commentShaz Hughes Dip(Fin) ACQ NSW, MICB
*** Reckon Accredited Partner (AP) Bookkeeper - specialising EXCLUSIVELY in Reckon Accounts / Hosted ! ***
* Regd BAS Agent (No: 92314 015)* ICB-Certified Bookkeeper* Snr Seasonal Tax Consultant since 2003 *
Accounted 4 Bookkeeping Services
Ballajura, WA
(NB: Please give my post a Like or mark as Accepted Answer if I have been able to resolve your query as this helps others when seeking solutions!)
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Hi Shaz, I have Release R2.0
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Yes, it's already "on" automatically for you then
Shaz Hughes Dip(Fin) ACQ NSW, MICB
*** Reckon Accredited Partner (AP) Bookkeeper - specialising EXCLUSIVELY in Reckon Accounts / Hosted ! ***
* Regd BAS Agent (No: 92314 015)* ICB-Certified Bookkeeper* Snr Seasonal Tax Consultant since 2003 *
Accounted 4 Bookkeeping Services
Ballajura, WA
(NB: Please give my post a Like or mark as Accepted Answer if I have been able to resolve your query as this helps others when seeking solutions!)
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Thanks Shaz, I'm just setting you Reckon and Payroll. Here is another question for you I have to pay Child Support for employee do you know I would set that up on his pay?
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Hi Melina
Yes, you would set this up as a Deduction-type Payroll Item, no Tax Tracking or Taxes selected, Neither for hours or quantity, calculated on Net Pay. As this is a generic Payroll Item, don’t enter a default amount/rate on the Payroll Item itself, do that in the employee’s record only (when you add it to the employee’s Additions, Deductions & Company Contributions box, under the Payroll & Compensation tab)
Shaz Hughes Dip(Fin) ACQ NSW, MICB
Reckon Accredited Professional Partner Bookkeeper / Registered BAS Agent (No: 92314 015)
Accounted 4 Bookkeeping Services
Ballajura, WA
0422 886 003
Shaz Hughes Dip(Fin) ACQ NSW, MICB
*** Reckon Accredited Partner (AP) Bookkeeper - specialising EXCLUSIVELY in Reckon Accounts / Hosted ! ***
* Regd BAS Agent (No: 92314 015)* ICB-Certified Bookkeeper* Snr Seasonal Tax Consultant since 2003 *
Accounted 4 Bookkeeping Services
Ballajura, WA
(NB: Please give my post a Like or mark as Accepted Answer if I have been able to resolve your query as this helps others when seeking solutions!)
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Thanks Shaz for your help. 1
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