20 21 Payroll Year Tax Tables
Hello Folks
My understanding is that the payroll tax tables update automatically as of today 1 July 2020.
However when Set Up> General Payroll Infomration is checked, it has Tax Table Revision Date 1/07/2019.
How do we confirm we have the correct tax tables loaded?
A prompt response is appreciated as the next pay day is 2 July 2020.
Help>About MYOB AccountRight has the software version number 2020.2.23.9038
Cheers :)
Hi lost_in_ar
This has caused much confusion today as MYOB previously said this will all happen at 10 am AEST today.
According to a recent post by a moderator late this afternoon, the tax tables don't actually update by themselves. It is not until you go to Process Payroll and set a Payment date of 1 July 2020 or later. At this point MYOB detects you are now processing payroll for the new payroll year and it updates the Payroll Year and the tax tables.
Regards
Gavin
