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Hire with JobMaker in 2021.

Categories: Finance
23 December 2020

The JobMaker Hiring Credit scheme is an incentive for businesses to employ additional young jobseekers aged between 16 and 35 years.

A business may receive up to $200 per week for each eligible additional employee aged 16 to 29 years, and up to $100 per week for each eligible additional employee aged 30 to 35 years.

Employers can register at any time until the program closes, and only need to register once. Your Kensington registered tax agent can do this for you.

We will need to provide baseline figures for your total employee headcount as of 30 September 2020, and your total payroll for pay cycles that ended in the three months up to and including 6 October 2020. Either or both of your baseline values can be zero — for instance, if your business is new or had no employees at 30 September 2020.

Kensington will act as your point of contact with the ATO. Employers can then claim the JobMaker Hiring Credit every three months in arrears, from 1 February 2021.

Let’s get you and your business, moving forward in 2021.
For more information, visit: https://www.ato.gov.au/General/JobMaker-Hiring-Credit/

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