Payroll News Jun 2023
End of year finalisation is Due on or before 14 July 2023
The end of year finalisation should be reconciled and submitted to the ATO on or before 14 July 2023.
How to Update YTD and Finalise End of Year with Single Touch Payroll
2023/2024 Tax tables have been published
The only change is to the HELP debt scales
When you next log in you will be asked a JobBag question: There are tax tables available for download, do you wish to download them now? Answer "YES"
Or you can update the tax tables in the Payroll menu > Update tax tables. You will get a JobBag notice once the tables have been updated.
Superannuation Increases to 11% from 01 July 2023
This has already been updated in the configuration menu.
However employment info will need to be created for each employee, see further details below.
If you would like to check and view the new rates you can find them here File > configuration > countries > Australia > tax.
Check out the ATO website for current and future increase
Add New employment info for each employee as at 01 July 2023
This is will add the 11% Superannuation Guaranteed Charge to the employment record and increase their overall Salary package amount.
Click here to see how to add new employment info
For employees who have a Salary Package you may need to review the Salary Package and update the salary package line.
