ATO - Tax Tables

[YasminG1]

Hi MYOB,

Could you please advise when the current ATO PAYG Tax tables will be uploaded into MYOB?

[Steven_M]

Hi @YasminG1 

Our team is currently working on updates to the PAYG tax tables and we expect to have an update available before the 16th of Nov 2020 deadline.

For more information on this do please see Tax Table Update - Oct 2020

[MBLegADL]

And MYOB is at the back of the pack again - publicly they say EOM and now not until the deadline - persistently poor performance MYOB> Reckon

In a statement released to their customer base last Friday, Reckon announced that they have updated their systems with the tax changes.

“The Government announced changes to personal income tax thresholds for the 2020-21 income year in the 2020 Federal Budget. Changes to income tax tables took effect from 13 October 2020.

We have updated the 2020-21 ATO PAYG tax tables in Reckon One, so there is nothing else you need to do. Pay runs dated from 13 October 2020 automatically use the 2020-21 PAYG tax tables.”

Xero

Xero is yet to have updated their software to reflect the new tax tables, however hope to have done so by the end of the week.

Matthew Prouse, Head of Industry, Xero Australia has said: “Xero is updating the tax tables in Xero Payroll to match the new withholding rates and this update will be made within the next week.

In the meantime, employers may choose to look up the new amounts using the ATO tax tables, and add a manual PAYG adjustment into the payslip. The new tax table specifications became available on Monday 12th October, with effect from Tuesday 13th October, although employers have a grace period up to 16th November to start using them.”

MYOB

MYOB is yet to update their products with the tax changes, but endeavour to do so by the end of the month.

Head of Product SME, Dale Dixon, has told Dynamic Business: “The tax cuts announce in the Federal Budget will bring welcome relief to businesses and individuals across Australia. We aim to have all of our products updated with new tax tables by the end of October, ahead of the mid-November deadline.”

Intuit

Intuit QuickBooks has updated their payroll system to reflect the tax rate changes.

[YasminG1]

Hi Steven,

I think the response from MYOB is not sufficient and non-commital specifically as the ATO announced these tax cuts to help struggling Australians and had the bill passed through Parliament on the 13th October 2020.

Here in Melbourne, Victoria we have really done it tough through Covid and the lockdown we have had to endure.  

Employees are counting on the tax cuts now to help them through this difficult time.

Whilst the ATO have given a deadline of the 16th November 2020, MYOB as a large software program supplier, MYOB should have made this a priority to support struggling employees and so far MYOB have had over 9 business days to upload the tax tables.

MYOB Management should address their priorities and try to show support and empathy to employers/employees by working round the clock to ensure the Tax Tables are updated immedidately.

Regards

An employer that will now have to do additional manual work to support their employees to ensure they receive the tax cuts they are owed.

[YasminG1]

Yes, MYOB have not made updating the tax tables a priorty and now employers will have to manually adjust their payroll to support their employees.  

Poor effort from MYOB.

[MBLegADL]

Every other accounting software provider has managed this so employers can reap the benefit of the tax cuts.

MYOB - yeah, nah - just wait til next year and get it in your tax return.

Once again MYOB does not give a toss about its clients, just trying to suck in more small business owners...

[Steven_M]

Hi Everyone

Thank you for your feedback.

As has been indicated on, Tax Table Update - Oct 2020 we are aware that tax tables have changed on and from 13 October. Our product teams are currently working on changes to the tax tables to make sure that those latest tax tables are available to clients ahead of the 16 November deadline. 

Due to the way the tax tables have configured some changes to the payroll processes inside the software are needing to be re-configured to address these latest tax tables. However, in saying that, our teams are working on those changes as we speak.

In saying that, we have shared your feedback with the team. In the meantime, you are welcome to Subscribe (top right of the post) to Tax Table Update - Oct 2020 to receive up-to-date information via email when those updates would be available.

[YasminG1]

HI Steven,

I realise that you are a moderator of MYOB and your response is a direction from Management, but as a Victorian employer who values its emloyees and their needs spefically through Covid, I think responses being given about why MYOB cannot deliver an update 9 days after the ATO provided the new tables is inadequate and disrepectful to its customers.

The tax cuts whatever the amount may make a difference to a specific household and the mental health and well being of individuals.

MYOB has an obligation to ensure customer delivery of services in a prompt manner.

Employers, such as myself, now have to manually work out the PAYG adjustments to support their employees.

TImes are stressful enough without having this additional task to perform.

Yasmin

[AlvinM]

Yasmin

We will do the same and update them manually, kudos to the payroll managers who does it manually for multiple employees!

[Acute123]

As usual MYOB are a no go. So frustrating working with them. It cannot be that hard to upgrade the tables in a timely manner. And I am not going to process a payroll for 50 employees and manually change their PAYG!! Not cost effective to our client.