The Koustas ORAcle | Melbourne Accountants

ISSUE #147 - Xero updates payroll withholding tables

Written by Koustas + Co | Oct 26, 2020 9:54:05 PM

 

27 October 2020

In line with the tax cuts recently announced in the 2020-21 Federal Budget, Xero Payroll AU Tax Table updates are now live!  These updates will affect any payroll processed on or after Monday 26th October.

Importantly, if you have auto-recurring bank transfers setup for paying employees, we recommend you process a draft pay run to update the net payments.

If you have any questions or require assistance, please ask your Koustas contact.