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This release is for Australian businesses using AccountRight Plus or Premier only.
If you’re in New Zealand, or use AccountRight Standard or Basics, you don’t need to install this update - 2017.1 is the latest version for you.
New PAYG tax tables apply from 1 July 2017. Install this update to ensure your business stays compliant.
What’s changed?
From 1 July 2017, the PAYG withholding formulas in AccountRight will include the following changes:
- removal of the temporary budget repair levy
- increase in the Medicare levy low-income threshold
- annual indexation of HELP and FS (SFSS) repayment thresholds.
You need to use the new tax tables when calculating PAYG withholdings for payments dated 1 July 2017 and later.
What do I need to do now?
Complete these steps before your first pay run in July 2017:
- Install the 2017.1.1 update when you are notified in AccountRight.
- After you close your 2017 payroll year, go to the Setup menu and choose Load Payroll Tax Tables.
- Click Load Tax Tables.
- If you have more than one company file, repeat these steps in each file.
To check that the tax tables have loaded successfully, open your company file, go to the Setup menu and choose General Payroll Information. The tax table revision date needs to be 01/07/2017.
| Reminder: If you’re still using AccountRight 2016.3 or earlier, and you employ working holiday makers or provide exempt fringe benefits covered by section 57A of the FBTAA, install this update before preparing this year’s payment summaries. |
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Need help preparing payment summaries?
Our EOFY videos are just what you need.
We’ll also have a team of EOFY experts ready to answer your questions at selected times during June and July on Live Chat.
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How to update
If you’re using AccountRight Plus or Premier in Australia, you'll be prompted to update when you open your company file over the next few days. If you need it sooner, you can download the update from my.myob.com.au .
Installation tips
- When installation is complete, you won’t see a confirmation message. You can restart AccountRight immediately after installing the update.
- You won’t see a new desktop icon for the 2017.1.1 release. You can keep using the AccountRight 2017.1 icon to open AccountRight.
- Your company file won’t need upgrading, which means computers using 2017.1 or 2017.1.1 can open your file (but you should still install this update on all computers).
- If you already have Server Edition 2017.1, you will be notified that an update is available, however you can’t install the update directly from AccountRight’s notification window. You’ll need to:
- Uninstall your existing 2017.1 release from the server.
- Download the full 2017.1.1 Server Edition installer from my.myob.com.au
- Install 2017.1.1 on the server.
- If you already have PC Edition 2017.1 and you choose to download the full 2017.1.1 PC installer from the my.MYOB website, you will need to uninstall your existing 2017.1 software before you can install the new version. To avoid having to do this, download the “update” or “patch” installer instead (look for a .msp file), or update when prompted in your AccountRight software.
- If you have issues updating, see our troubleshooting guide.
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