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JobMaker Hiring Credit Guide

The JobMaker Hiring Credit Scheme

JobMaker can be complex and if you’re wishing to access the hiring credit, you will need to be fully informed about eligibility, enrolment and ongoing compliance.

Our client guide to help small business owners understand the benefits and requirements of JobMaker.

JobMaker is a credit available to eligible businesses and non-profit entities that create new jobs (not if you are merely replacing someone who left). The hiring credit is available for jobs created from 7 October 2020 until 6 October 2021 and provides:

  • $200 per week for new employees between 16 to 29 years of age; and
  • $100 per week for new employees between 30 to 35 years of age.

Administered by the ATO, JobMaker is a credit that is paid quarterly in arrears from the start date of the employee for 12 months, assuming the business and employee remains eligible.

The credit is an incentive for the employer to support wage costs and is not passed onto the employee.

Unlike JobKeeper, JobMaker can apply to new businesses and the business does not need to satisfy a decline in turnover test to receive payments.

A series of people are excluded from the JobMaker scheme including employers receiving JobKeeper, employees receiving an apprentice wage subsidy, and close associates of the business including some relatives of the business owners.

What is JobMaker?

JobMaker is a credit available to eligible businesses and non-profit entities that create new jobs (not if you are merely replacing someone who left). The hiring credit is available for jobs created from 7 October 2020 until 6 October 2021 and provides:

  • $200 per week for new employees between 16 to 29 years of age; and
  • $100 per week for new employees between 30 to 35 years of age.

Administered by the ATO, JobMaker is a credit that is paid quarterly in arrears from the start date of the employee for 12 months, assuming the business and employee remains eligible.

The credit is an incentive for the employer to support wage costs and is not passed onto the employee.

Unlike JobKeeper, JobMaker can apply to new businesses and the business does not need to satisfy a decline in turnover test to receive payments.

A series of people are excluded from the JobMaker scheme including employers receiving JobKeeper, employees receiving an apprentice wage subsidy, and close associates of the business including some relatives of the business owners.

Looking for a new accountant

Looking at making the change? In this 30-60 minute session we will deep dive in to your business and lifestyle to help guide you to the next steps in success. We send you some pre-work prior to coming in and seeing us so you can get as much out of the meeting as you can. This can be done via a phone call, Zoom or Skype video call.

Looking for more advice

Current clients, feel free to ring or email and reach out for help. If you want to come to visit and book in for a meeting, we want to help and see you win.