Understanding payroll taxes

Payroll Categories Overview > Creating payroll categories > Understanding payroll taxes

In MYOB Accounting Plus, payroll taxes are amounts that are calculated and deducted from employee paycheques in accordance with the government's taxation laws.

Since tax laws change frequently, it's important that you use the most up-to-date payroll tax amounts and percentages when you write your paycheques. To keep your payroll tax calculations current, payroll taxes are administered in Accounting Plus by the use of special tax tables, which are included in your Accounting Plus package.

To learn the date of the payroll taxes loaded in your company file, click the Payroll Categories option in the Payroll Command Centre. When the Payroll Category List window appears, click the Taxes tab. Click the zoom arrow next to any tax in the taxes list. The Tax Table Information window opens, and the Tax Table Revision Date is shown.

Since the accuracy of your payroll records is at stake, you can't add, change or remove any payroll taxes from Accounting Plus's tax tables. However, you can receive up-to-date tables from Accounting Plus automatically for a modest fee, whenever payroll tax laws change. See http://www.myob.co.uk/myob/myob_contact.htm to learn more about updating your payroll taxes.

Some of the payroll taxes in the Accounting Plus system have special rules or situations that are difficult to represent in the tax table format that's displayed in the Tax Table Information window. If you ever see an "empty" Tax Table Information window when you believe some numbers and percentages should be displayed, don't worry; the proper tax information does exist -- it just can't be shown in the window.

Payroll taxes must be assigned to employees before they can be used on paycheques. See To enter payroll details (employees only) to learn more about entering an employee's payroll information.