Further to our article posted on 26.10.2020, and in line with the recent changes to personal income tax thresholds, the new tax tables for MYOB AccountRight users are now available.
The steps to download the updated tax tables will depend upon which version you have:
- ARL 2020.3 – If you’re working online in the latest version of ARL 2020.3 – No action is required, the correct tax tables have been updated within your software and automatically applied when paying staff
- ARL 2020.3.0 (offline users only) – If you work offline, you will need to download the patch and upgrade to ARL 2020.3.1 or download the full installer and upgrade to 2020.3.1’
- Sign into your my.MYOB account
- Select your product from the ‘Downloads’ page (My Products > Downloads)
- Download the latest file (version 2020.3.1)
- ARL Server Edition 2020.3 – Follow your usual process of installing new updates which is uninstalling current version and re-installing using the full installer for 2020.3.1 (steps above)
- ARL 2020.2 – You will need to download the full installer and upgrade directly to ARL 2020.3.1 (steps above)
Please note that you have until 16 November 2020 to implement these changes into your payroll.
Unfortunately, for AccountEdge users the update is still not available, however we will keep you updated on the progress of this.
For any of our Xero users, the update will be completed automatically so you will not have to do anything to implement these new tax tables.
If any of our clients use any other accounting software and require assistance with implementing the new tax tables, please do not hesitate to get in touch with one of our helpful staff.
– Catherine Stojcevska
Posted 04.11.2020
This article is compiled as a helpful guide for your private information and is subject to copyright. We suggest that you do not act solely on the basis of material contained in this article because items are of general nature only and may be liable to misinterpretation in particular circumstances. We recommend that our advice be sought before acting on any of these crucial areas.
