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.
You can learn the revision date of the payroll taxes loaded in your company file in three ways:
Choose General Payroll Information from the Setup menu; the Tax Table Revision Date is shown.
OR
You can choose About AccountEdge from the Apple menu; the Tax Table Revision Date is shown in the window that appears.
OR
You can click the Payroll Categories option in the Payroll Command Center. 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 delete any payroll taxes from AccountEdge's tax tables. However, you can receive up-to-date tables from AccountEdge automatically for a modest fee, whenever payroll tax laws change. See www.myob.com/us/service/techsupport/support_plans.htm to learn more 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 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 paychecks. See Using the Payroll Details view (Employee cards only) to learn more about entering an employee's payroll information.