Changes to how companies can manage losses: Companies with turnover up to $5 billion will be able to offset losses against previous profits on which tax has been paid, to generate a refund. Losses incurred up to 2021‑22 can be carried back against profits made in or after 2018‑19.
The JobMaker Hiring Credit: This credit will provide businesses with incentives to take on additional employees aged 16 to 35 years old If you have any questions about how these changes impact you, please don’t hesitate to give us a call on (08) 9791 5877. Article Source
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