The ill-fated ‘second job tax’ is definitely not what you think. Regardless of whether you work & earn more in your current position, or change things up & work in another job, you will pay the SAME amount of tax.
Victorian businesses have access to a $1,200 rebate to put towards adopting new digital products - including website, e-commerce and cloud accounting tools - to assist them in their COVID-19 recovery.
The Australian Taxation Office has addressed what businesses need to know and understand to stay on top of the immediate changes to the JobKeeper scheme that will apply as of 4 January 2021.
With around 70 per cent of all Australian businesses being family-owned and operated, having a succession plan to capitalise on this value when choosing to exit the business is crucial.
