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Did you miss out? – JobMaker Hiring Credit

Budget Overview 2020
October 7, 2020

Did you miss out? – JobMaker Hiring Credit

The JobMaker Hiring Credit is here.

But what does it mean for your business?

It means you can receive payments for new eligible employees you hire between the 7th of October 2020 and the 6th of October 2021. For you to receive the payments, eligible employees must be aged 16 to 35 years and they need to increase both your total employee headcount and payroll.

So, where do you start?

First, you’ll need to check that both your business and your new employees are eligible.

Next, you’ll need to register using ATO online service the Business Portal or your registered tax agent, i.e weeee can do this for you

Are you eligible ?

We can do a free eligibility check on your organization. If we find you are eligible, then you can engage us for your service. If you are eligible we can make a claim every three months for you while you sit back and relax. for up to 12 months from the date a new eligible employee starts work.

What if you were eligible before, but have not claimed yet?

As per the ATO’s information, as long as you report within the STP reporting due date and claim within the claim period, you can claim for the employee you have missed out to claim. Please refer to the table below for more information on cut-off date for each category.

PeriodJobMaker periodSTP reporting due dateClaim period
17 October 2020 – 6 January 202127 April 20211 February 2021 – 30 April 2021
27 January 2021 – 6 April 202128 July 20211 May 2021 – 31 July 2021
37 April 2021 – 6 July 202128 October 20211 August 2021 – 31 October 2021
47 July 2021 – 6 October 202128 January 20221 November 2021 – 31 January 2022
57 October 2021 – 6 January 202227 April 20221 February 2022 – 30 April 2022
67 January 2022 – 6 April 202228 July 20221 May 2022 – 31 July 2022
77 April 2022 – 6 July 202228 October 20221 August 2022 – 31 October 2022
87 July 2022 – 6 October 202228 January 20231 November 2022 – 31 January 2023
JobMaker Hiring Key Dates

GET IN TOUCH – Expert Accountants

Suite 6 Level 5, 295 Pitt Street
Sydney NSW 2000
Australia
+61 02 8212 8046
0450 522 815
info@ebta.com.au

For more information, visit ato.gov.au/jobmakerhiringcredithttps://www.ato.gov.au/General/JobMaker-Hiring-Credit/JobMaker-Hiring-Credit-key-dates/#:~:text=Key%20dates%201%207%20October%202020%20%E2%80%93%20scheme,5%206%20October%202022%20%E2%80%93%20scheme%20ends.%20

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