2021 Aug 20 By erataxsolutions 0 comment

A government incentive for businesses considering employing young job seekers may be available to you. If your business is considering hiring additional staff, you may be eligible for the JobMaker Hiring Credit. This scheme runs from 7 October 2020 to 6 October 2021. The maximum claim period is for 12 months from the employment start date for each newly created job. The incentive is designed for young people: Eligible additional employees aged 16 to 29: $200/week.Eligible additional employees aged 30 to 35: $100/week. The maximum amount is $10,400 for each newly created job. Still, it cannot exceed the amount the…

2021 Aug 18 By erataxsolutions 0 comment

An interesting play on words. Let us break this down: crypto is a word element and, in this case, a suffix added to another word to give an enhanced meaning. So, crypto comes from a Greek word meaning hidden. Currency, simply is a ‘current’ means of exchange. This now tells us that cryptocurrency is a hidden means of exchange that can be currently used. To its credit, though, the system offers tight security. As such, this raised alarm bells with banks and the Australian Taxation Office. Again, let us step back for a moment. Have you ever heard of the…