MYOB Exo Employer Services have released an update and a new version of MYOB Exo Employer Services 2020.03. The 2020.03 release contains updates to tax tables for the 2020 – 2021 payroll year. There are two key updates include changes to tax tables and security updates.
Changes to Tax Tables
Changes to personal income tax thresholds announced by the Government during the Federal Budget have been incorporated into the withholding schedules and tax tables and will apply to payments made on and from 13 October 2020.
This release includes the updated PAYG tax tables for the 2020 – 2021 payroll year. MYOB Exo Payroll automatically applies the new rates and thresholds to pays created after this version is installed. As the changes to withholding are made part way through the income year, employers have until 16 November 2020 to implement these changes. This means that there is no need to recalculate pays that were processed between 13 October and when this version was installed. Note: Full information on all tax tables is available.
Security Update
MYOB Exo Employer Services meets the ATO Digital Service Provider Operational Framework security standards. Previous releases of Exo Payroll included security enhancements to passwords, and updated our client communication components to support TLS 1.2. This release introduces the following security enhancements to prevent any DLL hijacking in the Exo Employer Services application folder:
- When Exo Employer Services first starts, it looks for any unknown DLL files in the payroll application folder and reports any found. While this alert could indicate a security issue, it is not necessarily a reason for concern; since the history of Exo Payroll goes back more than 15 years, there could be some DLL files that are not needed anymore.
- When Exo Employer Services first starts, it looks for any DLL files supplied by MYOB that don’t have a valid code signature from MYOB.
And, as always, this new MYOB Exo Payroll Update 2020.03 release includes several bug fixes and resolves several known issues.
Click here to download your copy of the MYOB Exo Employer Services 2020.3 release notes.
Acacia Consulting Services can help you prepare and be available to you for any help or questions that you might have as a result of this upgrade. If you are looking for an experienced MYOB Business Partner to help you implement MYOB Advanced into your business and would like to discuss your needs Contact Us or phone us on +61 3 8560 5220
