Forum Discussion

SMM's avatar
SMM
Experienced Cover User
8 months ago
Solved

New Tax Tables

Hi All

Are tax tables still automatically loaded in MYOB AccountRight?

Super is set to 12% as of July 1 but the tax tables are still saying 2024_25. How can I fix this please?

Thanks

S

  • Genreve_S's avatar
    Genreve_S
    8 months ago

    Hi smm, 

     

    No worries at all! The software automatically checks the date of your pay runs and adjusts everything for you. Once you record a pay run that falls in the next financial year (2025/2026), the tax tables will update on their own.

     

    If you're curious and want to dive deeper into how the tax tables work in the system, you can read through this link. 

     

    Regards,
    Genreve

2 Replies

  • Genreve_S's avatar
    Genreve_S
    MYOB Moderator
    8 months ago

    Hi smm, 

     

    No worries at all! The software automatically checks the date of your pay runs and adjusts everything for you. Once you record a pay run that falls in the next financial year (2025/2026), the tax tables will update on their own.

     

    If you're curious and want to dive deeper into how the tax tables work in the system, you can read through this link. 

     

    Regards,
    Genreve

  • SMM's avatar
    SMM
    Experienced Cover User
    8 months ago

    Thanks Genreve, I was worried when July 1 had passed and the tax tables were showing as the last fin year. All good now. Many thanks.

    S

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