JobMaker Registrations Open

JobMaker Registrations Open
14
Dec

Registrations are now open for the new JobMaker Hiring Credit Scheme, with the first round of claims opening 1 February 2021.

The scheme entitles employers to receive up to $200 a week for new employees aged 16-29 and $100 per week for new employees aged 30-35 years. The credits are payable for up to 12 months for new jobs created between 7 October 2020 and 6 October 2021.  The amounts are paid quarterly in arrears.

We see this system as a good opportunity to grow your staff numbers and have some of the cost covered by the Federal Government’s scheme (particularly for say a part-time role). It is important to note that employers are required to increase both total employee headcount from 30 September 2020 and increase their payroll for the reporting period (7 October 2020 to 6 October 2021) compared to the three months to 6 October 2020. Additionally, employers must be up-to-date with income tax and GST lodgements.

Eligible employees are to work at least 20 paid hours per week in the new role and have received an eligible Centrelink payment for at least one month within the past three months before being hired. Employees receiving JobKeeper or another wage subsidy under another Commonwealth program will be ineligible.

Registration for the JobMaker Hiring Credit is available through the ATO Business Portal or we can do it on your behalf as your registered Tax Agent.

Please contact us If you would like further information on eligibility or if you require assistance to register

 Yours Sincerely, 

Scotia Online CIBC Online