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New PAYG

Update your small business payroll software – new PAYG tax scales out now

The ATO has issued new PAYG tax scales which become effective from 1 October 2016. This will affect all businesses with employees and will require you to update your small business payroll software.

Cashflow Manager Gold and Wages Manager 10.0.2.0 which contain the new PAYG are now available for download from our website.

There are also some minor fixes to Cashflow Manager, Invoice Manager and Wages Manager included in the update. We recommend all Cashflow Manager users download Version 10.0.2.0.

Download the latest accounting software, and select the product you are updating from the ‘Latest Versions’ section, then click ‘Download Now’. Once downloaded, run the file and follow the prompts to install.

If you have already installed Version 10 the update will just load over it and the Version 10 icon will now open version 10.0.2.0. You will not need to unlock the program. If for any reason you need to re-install and unlock in the future just use your existing version 10 CD Key.

Staying on top of updates is extremely important especially if you have employees. With this tax table update taking place it is also a great time to make sure your other payroll details are still correct.

1. Check that employee details are up to date such as address, phone number and banking details.
2. Make sure you have their correct tax file number
3. Ensure superannuation details are correct
4. Make sure you have SuperStream reporting ready to go for your first report which is due in October 2016. Both our Cashflow Manager GOLD and Wages Manager are SuperStream compliant.

In accordance with the Tax Agent Services Act 2009 (TASA) Cashflow Manager is not a registered entity and cannot provide taxation advice. You should consult with your accountant or other registered tax adviser for any queries relating to taxation matters.    

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Comments (2)

  • Sarah Reply

    How do you record PAYG in version 7.5 for a sole trader?

    11/03/2017 at 8:16PM
    • Rebecca Bendikov Reply

      Hi Sarah,
      You should consult with your accountant or other registered tax adviser for any queries regarding your personal taxation matters. Version 7.5 is an outdated program, and as such, the tax scales will not be up to date. We would recommend that you download the latest version of the program from our website before completing your PAYG. If you are a CARE support member please call our team on 1300 13 50 21 and they would be more than happy to instruct you on how to get your program up to date.
      Kind Regards,
      Rebecca

      14/03/2017 at 9:32AM

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