Please Print, Read and Apply the Procedures contained within the Reckon installation Guide, before installing the Reckon Accounts 2016 Tax Table Update.
The following information is an extract of the procedures advised by Reckon in relation to the 2016 Reckon Accounts Tax Table Update - You will need to have Reckon Accounts 2016 installed and licenced and you will also need to be an eligible Reckon Customer who is entitled to the update which can also be accessed via the Members area the Reckon website by using your Reckon ID and PIN (access the Reckon website by simply clicking on the below icon).
The Reckon Accounts 2016 Tax Update for desktop users is now available. Reckon Accounts 2016 Hosted R2 is also available to all users from Thursday 23 June 2016.
The releases contain compliance updates for the 2016/17 financial year, including:
- Tax Tables - HELP and SFSS Withholding tables have been updated
Further details about these updates and other compliance changes you should be aware of are included in the installation guide:
Please also follow the advice in the guides when upgrading.
Please Note: This years Tax Table Update is referred to as Reckon Accounts Business Range 2016 R2P.
When to upgrade
Where the pay date is 30 June 2016 or earlier, all employee pays need to be processed using Reckon Accounts 2016 R1 (or earlier) - do not install the 2016 Tax Update until these are complete.
All employee pays dated 1 July 2016 or later Reckon recommend that these be processed using Reckon Accounts 2016 R2P (i.e. Reckon Accounts 2016 R1 with the Tax Update installed). However given that this year there are only limited changes to the Tax Tables (no changes other than those that are subject to Student HELP and SFSS, with repayments being indexed for CPI) there is no practical requirement to load the tax table update prior to processing your first pay for 2016/17 unless you have employees affected by these changes. So this year you could continue to process your 2016/17 pays in the earlier version of Reckon Accounts. However we would still recommend loading the Tax Table patch as soon as is practicable in July 2016 in order to stay current with the latest version of the software.
INB Payment Summaries, ETP and EmpDupe files. Your annual INB Payment Summaries can be prepared and generated using either Reckon Accounts 2015 or 2016 version before or after the Tax Update is installed (i.e. Reckon Accounts 2016 R2P).
How to access the update and when will it be available
Reckon Accounts 2016 Hosted R2
This release has been made available to all Hosted users from approximately 4pm AEST (Thursday, 23 June). When logging in after that time, you, and all users on your Hosted account, will see a second icon for the R2 release. Be sure to follow all instructions in the Reckon Installation & Upgrade Guide when you are ready to upgrade your file to the R2 version.
Reckon Accounts 2016 Tax Table Update (for desktop clients)
Available from Reckon website (from 23 June 2016) or simply click on the following box to access the download centre from Reckon wesbsite.
Other Important Points Regarding Your 2016 Payroll End of Year
ATO Letter Advising No Longer Accepting EMPDUPE Files on CD or USB
You may have received a letter from the ATO advising that they will no longer be accepting the Annual Employer Payment Summary Report (EMPDUPE File) via CD or USB. You will need to lodge this file electronically with the ATO (via the use of your AUSkey or via your BAS or Tax Agent) - more details regarding the AUSkey and lodging online can be found here.
Reckon Accounts 2016 - Tax Table Update
Now Released - the Reckon Accounts Tax Table Update can only be installed after you have already loaded and registered your 2016 Reckon Accounts software (for Reckon Accounts Hosted users - Reckon will be providing a separate icon, available 23rd of June and will be visible at the time of login to the service). it is important not to load the Tax Table update until you have fully completed your last pay run for the 2015/16 financial year (please note this usually based on the day that you normally pay the employees - not the pay week ending - so if you pay employees on the 1st of July for the week ending the 30th of June then this pay would be considered as a part of the next financial year).
QA - Reckon Accounts Payroll End of Year Manual - 2016 - Available Now
Your essential guide to the End of Year Payroll reconciliation process is still available (including checklists) - More details here
QA - Reckon Accounts Payroll End of Year 2016 - Webinars being run on 30th of June and 5th of July 2016 (Register by clicking on image below)