For the latest up-to-date post on tax tables – go here
You need the new Australian Tax Tables for 2013-2014 because either MYOB says you have out of date tax tables, or you know they are. (To find what you have, click Set Up then General Payroll Information. In about the middle is the table date at the start of that tax year.) The problem is tax tables become out of date each year as tax rates and/or Medicare and HECS thresholds change.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 frustrates many users who don’t want to pay full price to get the tables (nor any new features). The latest tax tables are not separately available. Users must upgrade to a new version or take out Cover under their support program to receive the latest ‘pay2myob.bin’ file (MYOB) to keep payroll compliant.
The tax file has been specially formatted disallowing any manual edit to it, as the tax rates change from year to year. Additionally, each version is formatted specially, so you can’t use a tax file formatted for MYOB Version 19 with 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 all the comments here apply equally to the Mac version. VOTE IN OUR POLL – See below…
There is a Solution – Third party updated tax tables available for $66 (see further for details) provide a substitute, have been tested and work with many prior versions. They are for those who want to continue to use their current versions of MYOB® without the need to upgrade. Note that there is nothing in your license agreement that prevents you using 3rd party tax tables.
Installation is simple. The tables are supplied with easy to follow instructions and instantly downloaded after payment in most instances, or will be emailed to you. You also receive a copy of the applicable Aust Tax Office Weekly Tax Table for you to check the accuracy of the calculations. After-sales email support is available for any installation or setup issues you may encounter.
Note – NO changes are made to the software. The only changes made are to the tax rates in your company data file that the software calls upon to calculate PAYG Withholding in a pay, when processing payroll.
The changes made are not permanent and can be reversed by reloading the tax tables from your current tax table file, simply moving a file in the software folder.
These third-party Tax Tables for 2013-2014 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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0407 361 596 Australia
And also get Free “Avoid these GST mistakes” – there’s 18 that the Tax Office see regularly – get them right!