The 2012.01 release contains compliance updates for the 2012–2013 payroll year and will be available next week
This release not only contains new features and tax changes, it also includes the PAYG tax scales you need for the 2012–2013 payroll year. You will need to upgrade to this release before you record pays in the 2012–2013 payroll year.
Core features include:
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New Features
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Changes to Supported Platforms
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Operating System Support
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Tax Updates
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Changes to Tax Scales
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Changes to HELP and SFSS
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Removal of Flood and Reconstruction Levy
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Changes to Leave Loading
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Changes to Withholding Calculation on Allowances
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Changes to Child Support Deductions
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Superannuation Guarantee Changes
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Maximum Super Contribution Base
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Payslip Reporting
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Fold Lines on Payment Summaries
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Improved Document Management
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Updated Documents Tab
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Changes to Candidates
Axsys advises all clients to download the release notes from here and assess the impact of this changes to your business.
The 2012 Payroll EOFY checklist is available from here.
If you would like to discuss this release or its features in more detail please call us on 1300 553 228.