Jen651
4 months agoContributing User
Tax rates update
I'm running 2024.5.1.7
How do I update new ATO tax rates?
Also Super rate needs to be updated.
Thx JB
Just found this!
Tax table automation
When you process a pay, AccountRight looks at the Payment Date of the pay run and checks if you have the required tax tables in your file. If you don't, AccountRight will download them.
This means if the Payment Date is 30 June or earlier, the 2023/2024 tax tables will be used. But if the Payment Date is 1 July or later, the 2024/2025 tax tables will be used.
You'll see which tax tables are being used during the payroll process.