Making business life easier for you and your clients, that’s our goal. We know EOFY is your busiest time so we have some really useful ways to help ensure compliance for 2015 and beyond.
ATO changes to individual tax rates including Medicare Levy rate changes, new threshold levels for PAYG and HELP (HECS) mean the Tax Tables in MYOB Essentials, AccountRight and AccountEdge need to be updated. To find out more about what changes affect you and your clients, read this blog post.
Staying on top of all the changes
If you or your clients are working with AccountRight or AccountEdge, you’ll need to load your new tax tables (available when you install the compliance update) before you process your first pay for the new payroll year.
If your clients are working with MYOB Essentials, the tax tables will be automatically updated for you ready for the first pay of the new year. It’s that easy. You’ll also receive the updated MYOB Partner DVD which will be posted soon.
By the way, compliance updates for classic AccountRight and AccountEdge are available at my.MYOB.