Forum Discussion

moorebax's avatar
moorebax
4 years ago

Tax free threshold/No LL

Hi,  I've just upgraded from MYOB 19.5 to MYOB 2021.3 (and boy I'm regretting it, but that's a long story).    One of the issues is that my file became "corrupted", God knows how, after just one p...
  • gavin12345's avatar
    gavin12345
    4 years ago

    Hi moorebax 

     

    Welcome to AR2021:( - hope you are ready for more pain. This is why some users are sticking with v19  and using a alternative STP solution. I hope you have a small MYOB file.

     

    Firstly having employees on Tax Free Threshold/No LL does not cause file corruption, it simply means your employees may be linked to the wrong table.  

     

    This tax table was removed in v19.7 - since then you simply use Tax Free Threshold. This is an ATO change not a MYOB change. You can search the ATO website if you want a detailed explanation for the change.


    Regards

    Gavin

     

     

Steven_M's avatar
Steven_M
Former Staff
4 years ago

Hi moorebax 

 

AccountRight v19.5 was released back in 20210 and would have a different set of tax tables compared to the newer AccountRight 2021.3 version which uses the most up-to-date ones.

 

Generally speaking, if you had an employee on the Tax-Free Threshold/No LL tax table, using the current Tax-Free Threshold tax table would be the one you are most likely to use for that employee. However, it is recommended that you do speak to the ATO as to what the required tax amount per pay would be for a particular pay. If you do have a different PAYG component within AccountRight for that pay then we can offer further assistance with respect to that.

 

In terms of leave loading, this is not automatically added to the pays when leave is taken, users would still need to enter the desired amount hours against the Leave Loading wage categories if required.

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