News
30 April JobMaker Hiring Credit deadline approaching
With the deadline for the first claims period at the end of the month, businesses that have employed new young people are being encouraged to take advantage of the JobMaker Hiring Credit.
The JobMaker Hiring Credit is a scheme designed to incentivise businesses to employ additional young job seekers aged 16 - 35 during the COVID-19 recovery.
Employers can receive up to $10,400 per year for each new job they fill between 7 October 2020 and 6 October 2021 with an eligible employee aged 16 to 29 years, and up to $5,200 a year for each eligible employee aged 30 to 35 years.
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.
To access the JobMaker Hiring Credit employers looking to receive payments need to:
- Check they are an eligible employer
- Employ eligible additional employees
- Register for the JobMaker Hiring Credit before the first claim
- Satisfy both the headcount increase condition and the payroll increase condition
Pop in or call your local TaxAssist Accountant who can check you are an eligible employer and register your company.
Date published 22 Apr 2021
Choose the right accounting firm for you
Running your own business can be challenging so why not let TaxAssist Accountants manage your tax, accounting, bookkeeping and payroll needs? If you are not receiving the service you deserve from your accountant, then perhaps it’s time to make the switch?
Local business focus
We specialise in supporting independent businesses. Each TaxAssist Accountant runs their own business, and are passionate about supporting you.
Come and meet us
We enjoy talking to business owners and self-employed professionals who are looking to get the most out of their accountant. You can visit us at any of our multiple locations, meet with us online through video call software, or talk to us by telephone.
Switching is simple
Changing accountants is easier than you might think. There are no tax implications and you can switch at any time in the year and our team will guide you through the process for a smooth transition.