Forum Discussion

Jen651's avatar
Jen651
Contributing User
6 months ago

Tax rates update

I'm running 2024.5.1.7

How do I update new ATO tax rates?

Also Super rate needs to be updated. 

Thx JB

  • Lychee12's avatar
    Lychee12
    6 months ago

    Just found this!

    Tax table automation

    When you process a pay, AccountRight looks at the Payment Date of the pay run and checks if you have the required tax tables in your file. If you don't, AccountRight will download them.

    This means if the Payment Date is 30 June or earlier, the 2023/2024 tax tables will be used. But if the Payment Date is 1 July or later, the 2024/2025 tax tables will be used.

    You'll see which tax tables are being used during the payroll process.

     

     

     

  • Lychee12's avatar
    Lychee12
    6 months ago

    Just found this!

    Tax table automation

    When you process a pay, AccountRight looks at the Payment Date of the pay run and checks if you have the required tax tables in your file. If you don't, AccountRight will download them.

    This means if the Payment Date is 30 June or earlier, the 2023/2024 tax tables will be used. But if the Payment Date is 1 July or later, the 2024/2025 tax tables will be used.

    You'll see which tax tables are being used during the payroll process.

     

     

     

    • TBS003's avatar
      TBS003
      6 months ago

      Hello, I just thought I'd add, you can always confirm by going to Setup, General Payroll Information.  It confirms you current Tax Table Version date.  Might be nice for MYOB to also add in this area confirmation of current Super Rate :-)

Looking for something else?

Search the Community Forum for answers or find your topic and get the conversation started!

Community home

Dig into MYOB Academy for free courses, learning paths and live events to help build your business with MYOB.