Is your business eligible for JobMaker? If you have engaged new employees since October 2020, or you want to employ new people, you could qualify for the hiring credits. Talk to us about how to access the scheme and verify the payroll headcount increase.
The JobMaker Hiring Credit scheme is designed to encourage businesses to employ additional young jobseekers aged 16-35 years. The hiring credit subsidises an increase in employee headcount.
Eligible employers can receive the hiring credit for up to 12 months for each eligible employee engaged between 7 October 2020 and 6 October 2021.
Registration for the scheme has been open since December 2020. Employers can still register for the scheme now, even if you have already put on eligible workers since 7 October last year.
Is Your Business an Eligible Employer?
Various factors must be satisfied for an employer to receive the hiring credit payment, including:
The business must also satisfy payroll and headcount increase conditions by proving new employment positions have been created.
JobMaker Claim Periods
There are eight JobMaker claim periods available for the scheme from 7 October 2020 to 6 October 2022. Single Touch Payroll reports must be submitted three days before the end of each claim period. Employers must also complete claims electronically through ATO online services.
The ATO JobMaker Hiring Credit scheme webpage has more detail about the scheme, including a calculator spreadsheet to estimate payments you could receive.
Want to Check if You can Receive the Credits?
The headcount rules are important to understand before registering for the scheme. Book a time with us to discuss whether your business can access the hiring credits, and we’ll make sure your business can verify the payroll increase. We can also take care of the ATO reporting and claiming process for each JobMaker period on your behalf.