by epoch | Nov 4, 2020 | eNews
Stimulating investment is high on the Government’s agenda. To encourage spending, the 2020-21 Budget introduced a measure that allows businesses with turnover under $5bn* to immediately deduct the cost of new depreciable assets and the cost of improvements to existing...
by epoch | Nov 4, 2020 | eNews
I’ve had quite a few questions about the JobMaker hiring credit announced in the 2020-21 Federal Budget. The legislation enabling the JobMaker scheme has not passed Parliament as yet and until this occurs, the JobMaker rules are not certain and may change. More...
by epoch | Oct 7, 2020 | eNews
JobMaker Hiring Credit Date of effect From 7 October 2020 for 12 months The JobMaker Hiring Credit will be available to eligible employers over 12 months from 7 October 2020 for each additional new job they create for an eligible employee. Eligible employers will...
by epoch | Oct 7, 2020 | eNews
Superannuation accounts ‘stapled’ to an individual Date of effect From 1 July 2021 This reform will ensure individuals continue to use their existing superannuation fund when they change jobs. The fund will be “stapled” to the individual to prevent the duplication of...
by epoch | Oct 7, 2020 | eNews
Personal income tax cuts Date of effect 1 July 2020 As widely predicted, the Government has brought forward stage 2 of its planned income tax cuts by two years. Originally intended to apply from 1 July 2022, the tax cuts will come into effect from 1 July 2020 (subject...
