Task 6: Load the latest tax tables

End-of-period procedures > Starting a new payroll year > Task 6: Load the latest tax tables

Task 6: Load the latest tax tables

Australian tax legislation usually changes at the start of each payroll year. If the tax legislation has changed for the payroll year you are starting, you need to update the tax tables in your AccountEdge company file before processing pays.

note : July 2021 tax tables now available

The latest tax tables are now available and need to be used for pays processed from 1 July 2021. The latest AccountEdge update also includes the superannuation guarantee rate increase to 10% which applies from 1 July. Download the update from my.myob.com.au

1

Go to the AccountEdge menu and choose Check for Updates (requires Internet access).

2

If there is a tax table update, follow the on-screen instructions to install it. You then need to load the tax tables in your company file.

3

Go to the Setup menu and click Load Payroll Tax Tables. The Load Tax Tables window appears

4

Click Load Tax Tables.

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Task 7: Optimise and verify your company file

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Starting a new payroll year

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