Tax free threshold/No LL
Hi,
I've just upgraded from MYOB 19.5 to MYOB 2021.3 (and boy I'm regretting it, but that's a long story).
One of the issues is that my file became "corrupted", God knows how, after just one payroll run, it has supposedly been fixed (we'll see), but I'm being told the problem was that all my employee files were linked to the TAx table description "Tax free threshold/No LL", which was our default setting in 19.5, but which, it seems, no longer exists in 2021.3.
So my question is, which tax table description should I now use? I don't want to pay leave loading as we never have, but this no longer appears to be available, so does MYOB automatically apply a leave loading now, or not?
It would be nice is someone at MYOB was able to tell me this, but having been on the phone for an hour and a half, it seems no-one there can help...
Hi moorebax
Welcome to AR2021:( - hope you are ready for more pain. This is why some users are sticking with v19 and using a alternative STP solution. I hope you have a small MYOB file.
Firstly having employees on Tax Free Threshold/No LL does not cause file corruption, it simply means your employees may be linked to the wrong table.
This tax table was removed in v19.7 - since then you simply use Tax Free Threshold. This is an ATO change not a MYOB change. You can search the ATO website if you want a detailed explanation for the change.
RegardsGavin