We’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 details should be available soon and we’ll let you know as soon as we have some certainty.
Here is what we know so far.
The JobMaker credit and the details of how the rules will apply are subject to change. Please do not make decisions based on the JobMaker
information available as the final shape of the legislation could change. We will provide a summary of the rules and how you can claim the
JobMaker hiring credit as soon as the rules are confirmed.
Running a business is not just about crunching numbers and meeting targets; it's also about fostering a strong team dynamic and creating a shared vision. That's why I recently organized a 2-day corporate retreat for the entire SMART team at Phillip Island, and it turned out to be an unforgettable experience.
A recent case highlights the dangers of taking money out of a company without carefully considering the tax implications.