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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.
From 1 July 2017, the PAYG withholding formulas in AccountRight will include the following changes:
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:
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.|
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.
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 .
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