$1,000 bonus to take on older workers
Employers who take on an over-50 job seeker for at least three
months will receive a $1,000 bonus as part of the federal
government's efforts to combat age discrimination and encourage
businesses to employ older Australians. The Job Bonus initiative,
set to begin on July 1, 2012, is part of the government's final
response to a report entitled The Economic Potential of Senior
Australians.
R&D guidelines now available
Small businesses floundering with the new Research and
Development (R&D) Tax Incentive have received assistance in the
form of AusIndustry's guidelines – including advice
on how to complete applications. The R&D Incentive replaced the
R&D Tax Concession and applies to expenditure incurred in a
financial year commencing on or after July 1, 2011. Despite reports
the application form will be available in May, a spokesperson
confirms it will be available in June instead.
