Wow, can you believe it’s March already – how time flies! Furthermore, it’s that time of year when employers need to think about their Fringe Benefits Tax (FBT) return. As a business owner, you’ll need to lodge an FBT return if you have provided any employees or associates with fringe benefits […]
JobMaker is the latest wage subsidy scheme introduced by the Federal Government to help businesses survive while at the same time giving young people access to job opportunities. Young people (those aged 16 to 35) have been particularly badly hit by restrictions imposed as part of the health response to the […]
What type of income is the JobKeeper Payment? While it is a government subsidy of sorts, the JobKeeper payment is still assessable income, meaning that it IS taxable. Unlike the Cash Flow Boost, which is not taxable. How will this be treated at tax time? Will I need to do anything […]