Further to our article posted on 04.11.2020, and in line with the recent changes to personal income tax thresholds, the new tax tables for MYOB AccountEdge users are now available.
You will need to update your software to the latest version of AccountEdge v18.6 to implement these changes to your payroll.
To check that you’ve installed the latest update, go to the Help menu>About AccountEdge and check that the Build Number is 23.1.5A – if its not, go to this link for detailed installation instructions.
After installing this update, you need to load the latest tax tables by going to the Setup menu and choosing Load Payroll Tax Tables – to check if your tax tables have been loaded in your file, go to the Setup menu and choose Payroll Information, the Tax Table Revision Date needs to be 13/10/2020.
If you require any assistance with implementing the new tax tables, please do not hesitate to get in touch with one of our helpful staff.
– Catherine Stojcevska
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.