Payroll Tax Tables

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Robyn1231
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Payroll Tax Tables

I'm paying a part time employee and MYOB calculates the incorrect tax.

I'm taking the tax from the 2019 ATO Tax Tables.

She worked 116.5 hours @33 per hour (Gross Pay $3844.50) MYOB calculates tax as ($659) but the ATO calculate tax as $620.  Why is there a difference.

Anyone else having this problem

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GDay53
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Re: Payroll Tax Tables

@Robyn1231 

 

Welcome to the MYOB Community Forum, I hope you find plenty of useful information.

 

Have you checked that you have the correct tax table linked to the employee?

The information you use to set up which tax table to use comes ONLY from the Tax File Declaration form.

 

If my response to your query and has helped, please mark my post as a solution to help others in the future.
Graeme Day
Registered BAS Agent #24745540
Gralord Enterprises Pty Ltd
Mobile: 0402 841 627
graemeday@optusnet.com.au
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Steven_M
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Re: Payroll Tax Tables

Hi @Robyn1231 

 

Just testing the latest version (AccountRight 2019.3) with the latest provided ATO tax tables, the PAYG value amount for a monthly based employee with the Tax Free Threshold tax table being paid $3844.50 is $620.

 

If you are encountering a different situation we would need to get additional information such as the following to investigate further:

  • What version of the program you are using? - Help>>About AccountRight
  • What is the tax table revision date? - Setup>>General Payroll Information
  • What is the payroll year?- Setup>>General Payroll Information
  • What tax table is the employee on? - Employees card>>Payroll Details>>Taxes
  • Does the employee have any extra tax or tax rebates? - Employees card>>Payroll Details>>Taxes
  • What is the pay frequency of the employee? - Employees card>>Payroll Details>>Wages
  • Is the Gross amount split between multiple categories i.e. Base Hourly and Overtime for example?

Kind regards,
Steven

MYOB Community Support

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