State Payroll Tax for ACT incorrect in Reckon Accounts after the Tax Table Update

Legacy KB ID: 5444

Question

Why is the ACT State Payroll Tax calculation for July 2016 in Reckon Accounts 2016 R2 (tax table update applied) different to the ACT Revenue Office’s calculator?

Answer

Download and install the updated State Payroll Tax file.

The Issue

The ACT announced its changes to its State Payroll Tax after the work on the Tax Table Update was completed. The threshold for paying Payroll Tax has increased from $1,850,00 pa to $2,000,000 pa (154,166.66/166,666.66 per month). The tax rate payable has remained unchanged at 6.85%.

Reckon has prepared an updated tax file that you can install.

Download and install the updated State Payroll Tax file.

1. Close Reckon Accounts;

2. Click here to download the updated file to a convenient location such as the Desktop;

3. In your installation directory, rename the file auStateTax.xml to auStateTax.rkn.old

(Default directory is C:\Program Files (x86)\Intuit\Reckon Accounts 2016)

a. Right-click your downloaded auStateTax.rkn file on the Desktop and select Copy;

b. In Windows/File Explorer, go to the installation directory;

c. Right-click on white space and select Paste and see the auStateTax.rkn appear at the bottom of the list of files.

d. Now right click on auStateTax.rkn and select rename

e. Remove .rkn and and replace it with .xml and click OK.

You can now launch Reckon Accounts and in the State Payroll Tax Reports for ACT see that the new threshold is being used.


Need more help?

Ask the Reckon Community at: https://community.reckon.com/reckon.

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