From 1 July 2014, in order to meet ATO requirements, you'll need to use revised tax rates and thresholds to pay staff correctly. This 2014 compliance update will be sent directly to all current MYOB Exo Employer Services clients in late June 2014.
As part of the upcoming MYOB Exo Employer Services compliance update, MYOB will make new withholding formulas for 2014/15 available. This update will also cater for the temporary budget repair levy which was announced as part of the recent federal budget.
The 2014 MYOB Exo Employer Services compliance release is essential so you are up to date with current payroll legislation. The upgrade can be completed easily online which will allow you to be ready to go for the new financial year.
Full details and instructions on how to download the 2014 compliance update will be sent directly to all current MYOB Exo Employer Services clients in late June 2014.
We strongly recommend you to check our knowledge base for important tasks that will ensure a smooth transition in completing the 2014/15 end of financial year process.
Keep an eye out in June for download notifications to upgrade to the latest MYOB Exo Employer Services software and a smooth transition to the 2014/15 financial year.
If you have any questions about this release, please contact us.