Changes to HECS and Thresholds from 1 July 2015

Increase to threshold levels for PAYG 
From 1st July, the GDP adjustment used to work out quarterly PAYG instalment amounts will be 3% (down from 4% last year)

Indexation of HELP and HECS 
HELP (HECS) contributions thresholds have had their annual threshold adjustment.

ATO privacy statement 
The ATO privacy statement link needs to be included on all PAYG Payment Summaries.

Please contact Maurie from Bendigo District Bookkeeping on 0418573667

Posted in General News