Changes to depreciation expenses in the 2017 Federal Budget

Proposed changes to depreciation expenses in the 2017 Federal Budget will restrict deductions to new plant and equipment assets fitted to new homes only. Subsequent owners who purchase a property after 9th May 2017, will not be able to claim depreciation on existing plant and equipment assets.

TaxAngelo Fusella19 May 2017Depreciation Expenses, Capital Works Deductions

Tax File Number Declaration

Each new employee you hire will need to complete a Tax file number declaration. This allows you to work out the amount you withhold from payments to the employee.

Here's a helpful link for employers and employees who need a new Tax File Declaration form.

Tax, PayrollAngelo Fusella22 March 2017Tax File Number