MyTT FAQ

What is a Tax Table?

A file included with your accounting software which allows the software to calculate the amount of PAYG tax due when you process the payroll.

As the withholding rates are changed by the ATO each year, the tax tables need to be modified so that the accounting software has the correct rates.

How do I update my Tax Tables?

Instead of paying $500+ for software upgrades or support just to get updated tax tables each year, you can use MyTT to update your tax tables directly from the withholding rates published for free by the ATO yourself.

Is updating Tax Tables costly?

Finance Programs require you to pay exorbitant prices for Tax Table updates. Articles: The Age & Sydney Morning Herald

MYOB requires you to pay amounts over 15 times the price for MyTT each year to supply you with new tax tables.

We offer a do-it-yourself solution for a once off low price. Pricings

How do I use MyTT?

MyTT Converter

MYOB® products have started to encrypt their tax table data file for a while now, making DIY updating impossible.

If you have a version that has an encrypted tax table file, MyTT Converter will convert it into a plain text file so you can edit it using MyTT Editor. Once you have finished editing the file MyTT Converter can re-encrypt the file for MYOB® use.

You can test if your tax table file needs converting using our online checker.

MyTT Editor

Once you have converted your tax table file using MyTT Converter (or if you are using a tax table file which does not require converting) you can open the file in MyTT Editor.

MyTT Editor reads your tax table file and organises the data into an easy to read and edit user interface.

I have a non-Australian copy of MYOB, can I use this software to update it?

No, this software was designed to work with the Australian MYOB software only. US / Canada Tax Tables are not currently supported.