Unlike most other stimulus measures the Government has announced, the JobMaker Hiring Credits have been more scrutinised by our politicians. The Bill to introduce the scheme has been referred to a Senate Committee and we are expecting a report on 6 November. When you look at the details of this scheme, you can see why […]
Federal Budget 2020-21 The Budget is usually presented in May and as accountants, we get a nerdy excitement at the prospect of the tax planning that results. Of course, this year is different. Tax planning went out the window in April and was replaced with Stimulus planning. The delay of the Budget until October seemed […]
This week is the crucial week for action for those on Jobkeeper 1.0 and those intending to continue to claim support via Jobkeeper 2.0. The long awaited alternative tests were released by the Commissioner of Taxation on 22 September giving us more clarity and some tools to assist our clients in determining their eligibility for […]
When I think about time I feel a mixture of emotions. It is something that is often on my mind or in my conversations. Do you have time, how long will this take, I’m running late, I’m running out of time! So much of what we do is based on time and I believe it […]
I am craving a time when our world is not all about COVID-19, and our work as accountants is not consumed with Jobkeeper changes, but that time seems a long way away. As my inbox continues to be filled with questions about Jobkeeper I think it is time for another update. We were eagerly awaiting […]
Have you taken a good hard look at yourself over the past few months when your normal routine changed? I certainly have. There are things I liked and things I definitely didn’t like about the way I adjusted to the temporary new normal. I really liked my commitment to exercising (there are no excuses when […]
Every Monday I start my week with an early morning Reformer Pilates class. It is a lesson in vulnerability and personal strength as I manipulate my body in challenging new positions that I thought I would never have been capable of. This morning the only thing preventing a spectacular fall from the machine was a […]
I was just finishing university when Australia had its last recession and I honestly don’t remember that much about it. I do recall our then Treasurer Paul Keating famously declaring that this was “the recession we had to have” and getting my first job as a graduate was very difficult, but the gravity of the […]
It’s that time of year again, and I will no doubt be having the same conversation with many of my children’s friends who are new at lodging tax returns. They will want my help to get as much tax back as possible and explain why their expectations do not necessarily match the reality of the […]
Yesterday, Tuesday 21st of July, the Prime Minister Scott Morrison and Treasurer, Josh Frydenberg have released details for the much touted Jobkeeper extension program. Jigsaw Tax will await the formal legislative governance set to be provided by Treasury in the Economic Release due on Thursday, 23rd of July 2020 before advising on the implications […]