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Are the Tax Rates automatically updated in Microkeeper?

Author Samantha Haigh@Microkeeper Pty Ltd
Category EOFY
Last Modified 08/05/2024

From the 1st July, Microkeeper will automatically update where relevant:

  • Super guarantee (SG) rate increases.
  • Tax Bracket changes, and relevant Weekly/Fortnight Tax Table updates
  • HECS Repayment Thresholds 

These changes will trigger on the first Payrun where the Payment Date is greater than or equal to 01/07/2024