Businesses urged to claim the JobMaker Hiring Credit before deadline

JobMaker

With the latest employment figures revealing that more than 300,000 additional jobs have been created since October 2020, the ATO is encouraging businesses that have employed new young people to ascertain check if they are eligible to claim the JobMaker Hiring Credit. Such businesses are being urged to act now, as the deadline for claiming the benefit for the first JobMaker period is 30 April.

The scheme allows employers to claim up to $10,400 per year for each role they fill between 7 October 2020 and 6 October 2021 with an eligible employee aged between 16 and 29 years, and up to $5200 a year for each new eligible employee aged between 30 and 35 they take on in the same period.

The first JobMaker period ran from 7 October 2020 to 6 January 2021, and claims for this period must be submitted by 30 April 2021.

“As the deadline to claim for the first period approaches on 30 April I encourage all employers to see if they qualify for the scheme, and, if eligible, claim the JobMaker Hiring Credit payments,” ATO Deputy Commissioner James O’Halloran said.

“Employers who want more information can go to www.ato.gov.au/jobmakerhiringcredit or contact their tax or BAS agent.”