Payroll

Understanding payroll taxes

In MYOB AccountEdge, payroll taxes are amounts that are calculated and deducted from employee paychecks 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 paychecks. To keep your payroll tax calculations current, payroll taxes are administered in AccountEdge by the use of special tax tables, which are included in your AccountEdge package. To be sure you're using the latest tax tables, see To learn the revision date of payroll taxes.

Since the accuracy of your payroll records is at stake, you can't add, change or delete any payroll taxes from AccountEdge's tax tables.

See the MYOB website to learn about updating your payroll taxes.

Some of the payroll taxes in the AccountEdge system have special rules or situations that are difficult to represent in the tax table format in the Tax Table Information window. If you ever see an "empty" Tax Table Information window when you expect to see some numbers and percentages, 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 paychecks. (Payroll Details view - Taxes)

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