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  • ACC changes from 1 April 2018


 

 

ANSWER ID:32729

For more information on what's in Payroll 2019.1 and heaps of other EOFY resources, visit myob.co.nz/eofy.

Here's a summary of the change to ACC from 1 April 2018:

  • The annual ACC threshold increases from $124,053 to $126,286

  • The maximum ACC levy increases from $1,724.33 to $1,755.37

By using MYOB Payroll 2018 your employees will be taxed correctly and won't need to claim overpaid taxes - and they'll have more money in their back pocket!

MYOB Payroll keeps your team happy!

What it means for your business:

  • This change impacts all earners as the ACC Levy is a component of PAYE.
  • Updating your Payroll software means your employees won't be overtaxed.

For detailed information on completing your end of financial year processes, see End of financial year tasks.