Federal Budget May 2015 [Individual]

So what does last night’s Federal Budget look like for all of us? Families 1. Families Package – let’s get to the big one. A new Child Care Subsidy (Work Force Participation Scheme). So what is this really? a. Comes into effect 1 July 2017 onwards so there is it is still 2 years away; b. It will replace the Child Care Benefit, Child Care Rebate, Jobs Education & Trainin...
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Federal Budget May 2015 [Business]

Federal Budget May 2015 Small Business Package   So What’s In It For Small Business   Firstly the measures are targeted at business that turn over (sales) less than $2 million dollars and the range of measures include: Instant deduction of for any capital expenditure less than $20,000 and kicks in from 13th May 2015 (unless you managed to purchase ...
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