ANSWER ID:32729

For more information on what's in Payroll 2017 2021.1 and heaps of other EOFY resources, visit myob.co.nz/eofy.

Here's a summary of the change to ACC from 1 April 20172018:

• The annual ACC threshold increases from

  $122

  $124,

  063

  053 to

  $124

  $126,

  054

  286

• The maximum ACC levy increases from $1,

  696

  724.

  67

  33 to $1,

  724

  755.

  33

  37

By using MYOB Payroll 2017 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.