The ill-fated ‘second job tax’ is definitely not what you think. Regardless of whether you work & earn more in your current position, or change things up & work in another job, you will pay the SAME amount of tax.
The government has taken steps to realise another budget promise by introducing legislation into Parliament to ensure COVID-related small-business grants are treated as non-assessable, non-exempt income for tax purposes.
Looking to expand your business without the added costs? Offshoring and outsourcing might be the best option for you, but be sure to weigh up the pros and cons before deciding on which one best suits your business.