A question about bonuses and taxable income
I was off work travelling for a very large portion of this financial year. I recently returned to Australia and found work on contract (day rates). I am already working but still negotiating the terms of my deal. Is there any reason I should not negotiate a significant signing bonus to be paid this financial year?
As I understand it (from current research / bonuses I have received in the past), bonuses are assessed as taxable income come EOFY the same as salary. The only rule I've found is that you cannot intentionally defer a bonus to a later date; absolutely nothing about bringing one forward.
I really appreciate any advice you can give me!
u/munchlax1 — 9 days ago