Forum Discussion

KingLewis's avatar
KingLewis
Contributing User
9 months ago

Incorrect tax deducted from all staff

Hi.  I've done the end of financial year 2024/2025 for the payrolls.  Some of the staff are busy submitting their tax returns and they have not had enough tax deducted from their wages.  We pay each ...
Shella_A's avatar
Shella_A
MYOB Moderator
9 months ago

Hi KingLewis,

 

MYOB sorts out tax calculations for the whole year automatically, even if there’s an extra pay run like this year. The one thing to double-check is that you’ve got the right tax tables plugged in using this link, just to be safe. That way, the right amount of tax comes out no matter how many pay runs you do. If it still giving you incorrect tax deductions, give our team a buzz through our virtual assistant MOCA or pop up a support ticket through MyAccount for further help.

 

 

Cheers,

Shella

  • KingLewis's avatar
    KingLewis
    Contributing User
    9 months ago

    Hi.  I did a MOCA support ticket and they checked that all our income categories were taxed correctly.  They couldn't give any solution

     

    Our accountants think it is due to the 53 week pay runs, instead of the usual 52 that the tax tables generate to.

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