No, you will receive some basic instructions to follow - if they are not clear, email me with any query.
Yes our tax tables will work correctly for weekly, fortnightly, monthly payments etc. MYOB® uses the same tax tables (which is just a formula) for all calculations.
When calculating for fortnightly payments the program basically divides the gross by 2, works out the weekly PAYG, then multiplies it my 2 to get the correct fortnightly amount.
The files with the pdf extension can be opened by Acrobat Reader which is freely available from Adobe's website.
You don't open the file with the bin or tax extension. You select this file when prompted by MYOB® during the Load Payroll Tax Tables process. The installation process is outlined in the instructions emailed to you.
If you do payroll you already have tax table info loaded into your current company data file. Whenever you process payroll, the program uses these tax tables for the PAYG calculations.
When you receive our updated tax tables, you will need to run Load Tax Tables as per the instructions which will be emailed to you. This will only update the tax table info in your company data file. It will not change any data, or any payroll transactions that have already been processed.
The process can easily be reversed by reloading the original tax table info you currently have.
I haven't tested the tables with any Enterprise versions however I believe the payroll function in Enterprise is the same as that in Premier. Enterprise v5 was released with Premier v11.
What I suggest is you download the demo for Premier v11 as well as the instructions and try it. If the demo works correctly, then the updated tax tables will also work, its just a case of using the correct version. (If version 11 comes up with an error message, try version 12)
Let me know if it works.
'postcript' I had tried a couple of your downloads previously which were incompatible and had given up hope, but on your suggestion tried Premier v11 and SUCCESS!!
No, the 'load tables' process simply changes the tax tables in your data file. Our tax tables have been used for 2 years by some users without any problems confirming their data files.
According to MYOB during the activation and confirmation process, only 2 numbers are sent to MYOB - your serial number and a number generated when MYOB was installed. Changes to the tax tables has no effect on these numbers.
If you are concerned, do a backup before you need to confirm - so if there is a problem confirming, you can reload the backup and reload your old tables (oldpay2myob.bin) prior to confirming again.
Our tax table file, just like the original pay2myob.bin file, contains a set of tables which includes about 30 'tax scales' (although MYOB® refers to these as tables) eg No Tax Free Threshold, Tax Free Threshold etc.
The rates are correct for PAYG calculations made after a specified date, usually from 1 July and can be used until the Tax Office changes the rates.
The tables will not have the rates for all the years back to 2005. Payroll transactions processed for those previous years will not be affected. The new tax table file will only affect payroll transactions processed after the tax tables are loaded.
Open your data file, go to the Command Centre, Click on Card File, Card Lists, then the Employee Tab. Click on the arrow to the left of the employee's name, then select the Payroll Details tab, then Taxes. This screen should show you what tax table is selected for this employee.
The $2 difference is due to the tax table selected for that employee. There are 2 common tables, and terminology complicates things a little. Most employees use either what the ATO refers to as “Tax Free Threshold With Leave Loading” or “Tax Free Threshold No Leave Loading”.
MYOB refers to “Tax Free Threshold With Leave Loading” simply as “Tax Free Threshold” and “Tax Free Threshold No Leave Loading” is referred to as “Tax Free Threshold/No LL”.
Ensure that you have attached the correct table to this employee. To check which table is being used by MYOB, open your data file, go to the Command Centre, Click on Card File, Card Lists, then the Employee Tab. Click on the arrow to the left of the employee's name, then select the Payroll Details tab, then Taxes. This screen will show you what tax table is selected for this employee.
If you are getting $201 as the PAYG amount when gross is $965, the problem seems to be that the employee you are using is attached to the 'Tax Free Threshold' (PAYG $201 on gross of $965) table rather than the 'No Tax Free Threshold' table (PAYG $264 on gross of $965).
The 2010 and later payment summaries have a new field (Reportable Employer Superannuation Contributions). The ATO will not accept an electronic payment summary (EMPDUPE file) without the extra field.
Only the current and last year's versions of MYOB® have the correct payment summaries.
Awhile ago I saw something on the web about a work around for this problem. You can look into that or other options are to submit your payment summaries manually, by transferring data from the MYOB® payment summaries to ATO approved forms and adding an amount to the new field if applicable, or upgrade to a more recent version of MYOB®, all depends on how many employees you have.
Yes we will continue to update and provide tax tables on an ongoing basis.
After some discussions earlier with MYOB Australia, its possible they will change their tax table implementation in newer versions, however all versions currently covered will continue to be supported by FGHTables.
(updated) Yes. The 2012 tax tables are now available and apply to payments from 1 July 2011.
Due to the Flood Levy, in 2012 we are offering 3 Options for the tax tables. See the Flood Levy page for more information.
Yes and No. Our tax tables are constructed in a similar way to MYOB's tax tables. Importantly they give you the same result.
As stated in our home page, by default only the first 8 tax tables are updated. If a user wants other tax tables (such as HECS or HELP) these are also updated as requested.(Note: This comment applied to 2010 only)
Our tables also differ in 2 other ways for identification purposes. Firstly, unlike MYOB's tax tables, our tables identify what version they are created for. Secondly, our tables have minor changes made to distinguish them from tax tables made by MYOB. See the 'Spot the difference' page for more information.
Before answering this question, let me stress that this site is aimed at those people who don't subscribe to Cover. Many users want to continue to use their existing version of software and simply have current PAYG tax tables. This generally means they are familiar with the software, it does everything they need it to do and they don't need technical support. We know users who happily run Plus v13 and have no need for all the bells and whistles available with the latest versions.
That said, according to MYOB Australia, with Cover (costing between $599 and $1076 depending on whether you have Plus, Premier or Enterprise) you become 'compliant with the latest changes from the ATO', you also receive any updates they have made to their software, technical support and access to M-Powered Services (usually $10/month).
Now for some people, particularly those who need technical support, Cover may well be the best option - although at $59 per call without Cover and free access to Support Notes as well as many online forums, you still have to do the sums to ensure you are getting value for money.
In relation to 'compliant with the latest changes from the ATO', apart from the PAYG tax tables which change almost every year, in the last 10 years there has only been one other change that has required changes to software. This is the change to payment summaries in the 2010 income year where the ATO added one extra field (Reportable Employer Superannuation Contributions). This meant that older versions could no longer generate compliant electronic payment summaries or the EMPDUPE file for electronic lodgment to the ATO.
If you have software prior to Plus v18.5 or Premier v12.5, you would need to upgrade to a later version, OR transfer the details from the MYOB generated payment summaries to compliant payment summaries (available from the ATO) and submit them to the ATO by post. While the electronic payment summary and EMPDUPE lodgment saves some time, given this is a once a year task, you would need to have several hundred employees before the cost would justify upgrading to a new version just for this purpose.
A word of caution, we are aware of some users who upgraded their software, only to find they had to upgrade their hardware or operating system to run the new MYOB software. Particularly if you are using an older operating system or older hardware and are considering upgrading to a later version, we suggest you check for any differences between the system requirements of your current software and the upgrade you are considering before proceeding.
Each user can decide for themselves whether the cost of Cover is worth the benefits you will receive.
Aside from the one change to payment summaries in 2010, with our tax tables which cost less than 1/10th of the cost of Cover, you too can be 'compliant with the latest changes from the ATO'.
This is certainly possible. You will need to supply details of what tax tables you need including the withholding rates that apply to each table. This information is usually made available to employers by the local revenue authority.
(Postscript) Client provided the details requested. 3 tables were created, one for residents with threshold and TIN (similar to Aust TFN)), one for residents without TIN, and one for non-residents.
We are not part of MYOB. Our tax tables are compatible with MYOB products but they are not made by MYOB. They work just the same. We consider the fee we charge a reasonable cost for the tax tables.
Until 2010 there was no alternative way to get tax tables for MYOB products other than by upgrading to a new version or subscribing to their Cover program.
Rather than making their tax tables even harder to make, our hope is that MYOB will respond by making tax tables available separately for a reasonable price, as they used to do.
To be fair to MYOB, for the cost of the Cover program you do receive other benefits, not just the tax tables.
You can make a deposit directly to our bank account. Follow the Email Delivery order link. Fill in the order form and in the Comments section, leave a message saying you want to pay by bank deposit. On the next screen, below the Paypal link you will find the bank details (BSB and Account Number) for you to make the deposit into our account.
Our tax tables work in the exact same way as MYOB's tax tables and they will definitely not corrupt your data file.
However as with any procedure, we recommend you do a backup before you load new tax tables (our's or MYOB's) just in case there is a power failure or any other mishap.
Well they are certainly not illegal! We have complied with all the relevant laws (copyright, trademark etc) particularly in relation to making something to operate or intergrate with someone else's software, ie our tax tables working with MYOB's program.
From a users point of view, there is no requirement or restriction in your licence agreement with MYOB Australia for you to use only their tax tables.
No. Our ABN is 68 360 237 629 and we are not registered for GST at this stage.
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