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MYOB – Just want Tax Tables for 2013-2014?
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Published on Monday, 08 July 2013 10:18
You started your pays this July and you are stopped by the software – you need the new Tax Tables for 2013-2014 because either… MYOB says you have out of date tax tables, or you know they are. (To find which ones you have, go to Set Up then General Payroll Information, and in the middle is the table date at the start of that tax year). The issue is - tax tables become out of date each year as tax rates and/or Medicare and HECS thresholds change. MYOB have a sales strategy based on tax tables which irritates many users who don’t want to pay full price to get the tables or get any new features. The new tax tables are not separately available so one must upgrade to a new version or take out Cover under the MYOB support program to receive the latest tables to keep payroll compliant.
The tax file has been specially formatted disallowing any manual edit it, as the tax rates change from year to year. Additionally, each version is formatted specially, so we can’t use a tax file formatted for MYOB Version 19 with another, say Version 16.
With the Mac version (AccountEdge®) the tax table file is called MYOB Tax Tables or in v9 to 9.6 has a .tax extension. Everything else though is the same and the following here applies equally to the Mac version. TO VOTE IN OUR POLL – Click Here and scroll down page.
A Solution – There are third party updated tax tables available for $66 (see further for details) which provide a substitute, have been tested and work with many prior versions. It’s for those who want to continue to use their current versions of MYOB® without the need to upgrade. Important note - there is nothing in your license agreement that prevents you using 3rd party tax tables.
Simple Installation - The tables come with easy instructions and are instantly downloaded after payment in most instances, or will be emailed to you. You also receive a copy of the latest Aust Tax Office Weekly Tax Table to check the accuracy of the calculations. After-sales email support is available for any installation or setup issues you may encounter.
Worth Noting - NO changes are made your software. The only changes are to the tax rates file and in your company data file that the software calls upon to calculate PAYG Withholding in a pay, when processing payroll. These changes are not permanent and can be reversed by reloading the tax tables from your current tax table file, which will be kept as back-up.
These third-party tables are available, which Account Keeping Plus have tested in the software and against the ATO tables and work perfectly for us and several of our clients. To get more details and purchase for your MYOB - find out HERE.
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And also get Free “Avoid these GST mistakes” – there’s 18 that the Tax Office see regularly – get them right!
