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lost_in_ar's avatar
lost_in_ar
Contributing Cover User
5 years ago
Solved

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 :)

 

 

Payroll
  • gavin12345's avatar
    gavin12345
    5 years ago

    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

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  • gavin12345's avatar
    gavin12345
    Ultimate User
    5 years ago

    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