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Loading new tax rates

The new payroll tax rates are loaded to coincide with changes in the payroll tax regime. For example, load the tax file at the start of the financial year when the Government usually applies tax rate changes.

Synergetic Management Systems will email out to you an updated text file containing the new rates which you can upload into Synergetic. Other data may be updated as well, such as HECS-HELP, depending on your jurisdiction.

TaxRates.txt - Notepad window

Load the tax file before the first pay run when the new rates apply.

Note: Synergetic can only use one set of tax rates at any one time.

To load tax rates:

  1. Select Module > Payroll > Load Tax Rates....

    The Load Payroll Tax Rates window is displayed.

    Load Payroll Tax Rates window

  2. Browse for the location of the text file containing the updated tax rates.

    Note: The location will be where you saved the file after receiving the email from Synergetic Management Systems.

  3. Click OK button.

    The following dialog window is displayed.

    Confirm - About to load Payroll Tax & HECS rates

  4. Click Yes button.

    The tax rates are imported into Synergetic and the following dialog window is displayed.

    Information - Payroll Taxation and HECS rates were successfully updated

  5. Click OK button.

Last modified: 31/01/2013 1:25:26 PM

See Also

Payroll year end process

Printing the Payroll Master File Listing

Recording reportable fringe benefits amounts

Printing PAYG Summaries

Creating a new payroll year

© 2013 Synergetic Management Systems. Published 15 October 2013.

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