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Tax Tables & EOFY 2019

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Trusted Cover User SandyA
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Tax Tables & EOFY 2019

Are there any tax table updates expected for the 2019/2020 financial year?  Just wondering if I should upgrade my MYOB from 2018.4 to 2019.2 now or wait and see if there is a new version with updated tax tables after EOFY.  Or can I just stay on 2018.4 and upgrade tax tables independantly?

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MYOB Moderator Theresa_D
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Re: Tax Tables & EOFY 2019

Hi @SandyA 

 

Thanks for your post.  There will be a tax table compliance update released soon for the next financial year. 

 

Continuing to use the version you have now is fine, it would be easiest to wait to update to the new version once you’ve completed the last pay run of the month.  Any pay run with a date on or after July 1 will need to be on the new version for the correct tax table information for the next FY. The tax tables are within the update for compliance and are not available separately.

 

I hope this helps! Feel free to use the forum if you have any other questions.

Cheers,
Theresa

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Trusted Cover User SandyA
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Re: Tax Tables & EOFY 2019

Thank you Smiley Happy
prabhap
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Re: Tax Tables & EOFY 2019

SO does 2019.2 have the new tax rates?

 

Trusted Cover User SandyA
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Re: Tax Tables & EOFY 2019

@prabhap No it doesn't, we are waiting for 2019.2.1 I believe

prabhap
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Re: Tax Tables & EOFY 2019

Thank you Sandy. Only 1 week to go though.

llu
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Re: Tax Tables & EOFY 2019

Hi,

Regarding the Tax Table for 2020, we are currently using accountright2019.20, & only 3 dayas away from the new financial year, the tax table compliance still hasn't been released? Do we still need to wait or is there anything we need to do to get it?

Thank you

Leslie

MYOB Product Team Haydes
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Re: Tax Tables & EOFY 2019

Hi @llu 

 

The Compliance Release for the 19/20 Payroll Year has been released, here's the announcement post on this: AccountRight 2019.2.1 is now available

 

You can download the update from www.myob.com/downloads

 

Note: You won't be able to load the Tax Tables for the 2020 year until after you have rolled over to that year.



Cheers,

Hayden
MYOB Product Team
Contributing Cover User JW27
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Re: Tax Tables & EOFY 2019

Hi Hayden,

 

Where can I find the Compliance update for 19-20?

Thanks Jen 

Contributing Cover User JW27
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Re: Tax Tables & EOFY 2019

Hi Hayden,

 

Is the compliance update in the new update 2019.2.1? 

When I go to Load tax table it is still saying 2018 tax table is that correct?

Thanks Jen 

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