Recent TaxPlan Updates
      Back to home
      1. ChangeGPS Knowledge Base and Support Articles
      2. TaxPlan
      3. Recent TaxPlan Updates

      Updates Summary post May 2023 Federal Budget

      1. [TaxPlan] Update to Strategy Description - Temporary Full Expensing of Depreciable Assets for $20,000 threshold 
      2. [TaxPlan] GDP uplifit automatically calculated with 6% on Estimated Taxable Income used for estimating next FY PAYG Instalments as per the TaxFlow projections report 
      3. [TaxPlan] HELP income thresholds and rates for 2023 
      4. [TaxPlan] Medicare levy thresholds updated to current 2023
      5. [TaxPlan] Correction to automatic PAYG calculations where amounts entered in Estimated PAYG Instalments do not reduce the calculation of next FY Estimated PAYG Instalments