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Classic Payroll – Changes for July 2015 – New Tax Tables and SuperStream

 

Welcome to the New Classic Chronicle  – Classic Information Systems

Payroll Changes for 2015/16 –
Update your PAYG Tax Tables
SuperStream is now available

The Australian Tax Office has provided us with new Tax rates to apply as from 1 July 2015.

We at Classic have prepared the attached tables to reflect this advice containing the new Annual Earnings breakpoints and the new base amounts which will need to be changed in your Tax tables prior to using them for the new Payroll year commencing on 1 July 2015.

In addition to updating your tax tables for 1 July 2015, we at Classic have also completed the SuperStream programming changes.  In order to for you to use this new functionality, we will need to upgrade your payroll.  Please contact Classic Information Systems to enable our team to undertake your upgrade.

You will need to do the following steps in the following order:

  1. Complete your payroll functions for the year ending 30 June 2015
  2. Create a history company specifically for Payroll so that you continue to have access to the detailed transactions for each employee for the 2014/2015 payroll year.
  3. In your current company, perform the Year End Process under Setup in Payroll.  This will clear out the detailed transactions for each employee and reset the system to start again for the year commencing 1 July 2015.
  4. Update the Tax Tables in your software using the Table function under Setup in the Payroll module. Contact Classic if you need assistance.
  5. Ensure that the Tax code assigned to each employee is correct.
  6. Upgrade Payroll to enable SuperStream.

You can then proceed with your payroll as usual.

If you require any assistance, please contact us.
email: classic@classicinfo.com.au

Version 8.10 is ready for you!

Please contact us to arrange to upgrade your version of Classic

Version 8.10 is ready for you!

Please contact us to arrange to upgrade your version of Classic

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