JobMaker Hiring Credit Scheme FAQ
by Intuit• Updated 10 months ago
What is the JobMaker Hiring Credit Scheme?
JobMaker is a Government incentive paid directly to employers that will help to accelerate growth in the employment of young people during the COVID-19 economic recovery.
Employers can claim JobMaker Hiring Credit payments to help with the cost of hiring additional employees aged 16-35 years and employed between 7 October 2020 until 6 October 2021.
What periods can I claim JobMaker Credits for?
The hiring credit can be claimed for jobs created between 7 October 2020 until 6 October 2021, but will run for a further year up to October 6 2022 as follows:
JobMaker Period | JobMaker period dates | Claim period dates |
Period 1 | 7 October 2020 - 6 January 2021 | 1 February 2021 - 30 April 2021 |
Period 2 | 7 January 2021 - 6 April 2021 | 1 May 2021 - 31 July 2021 |
Period 3 | 7 April 2021 - 6 July 2021 | 1 August 2021 - 31 October 2021 |
Period 4 | 7 July 2021 - 6 October 2021 | 1 November 2021 - 31 January 2022 |
Period 5 | 7 October 2021 - 6 January 2022 | 1 February 2022 - 30 April 2022 |
Period 6 | 7 January 2022 - 6 April 2022 | 1 May 2022 - 31 July 2022 |
Period 7 | 7 April 2022 - 6 July 2022 | 1 August 2022 - 31 October 2022 |
Period 8 | 7 July 2022 - 6 October 2022 | 1 November 2022 - 31 January 2023 |
The credit provides:
- $200 per week for new employees between 16 to 29 years of age, and
- $100 a week for new employees between 30 to 35 years of age.
Payment is from the start date of the employee for 12 months and eligible employers can commence making a claim from 1 February 2021.
Is my business eligible for JobMaker?
You are eligible if you meet the following criteria:
- You have an ABN
- You're up to date with tax lodgements
- You're registered for PAYG
- You must be reporting through Single Touch Payroll to nominate employees, update details, review eligibility and claim credit payments
- You must keep adequate records of the paid hours worked by the employee you are claiming for
- You must not be claiming JobMaker credits for the same employee in the same period.
See the ATO website for more details.
Are my employees eligible for JobMaker?
Your employees are eligible if they meet the following criteria:
- They started working with the employer between 7 October 2020 and 6 October 2021
- They received the JobSeeker Payment, Youth Allowance (Other) or Parenting Payment for at least one month within the three months before they were hired
- They were between 16-35 years old at the time their employment started
- They worked at least 20 hours/week on average for the full weeks employed for the period being claimed. If they worked less than 20 hours/week on average, you cannot claim JobMaker for them in that period.
- They are in the first year of employment with the employer
- The employer is not receiving other forms of government assistances, such as JobKeeper or an apprenticeship subsidy
See the ATO website for more details.
Report JobMaker through QuickBooks Payroll Powered by Employment Hero
JobMaker Eligibility Report
This report is designed to help you make an informed decision on which employees fit the basic eligibility criteria, and the amount claimable that will apply to eligible employees. The report will consider the following to determine this:
- Start Date
- The employee's age at time of commencement
- Whether the employee meets the 'minimum hours test'
JobMaker employee notices
Employers who want to make a claim must first have the eligible employees complete a JobMaker employee notice. You will be able to send the notice to eligible employees via QuickBooks Payroll, and the information will be stored in the system.
Learn how to send and record JobMaker Employee Notices here.
Processing JobMaker nominations in the pay run
Employers must report JobMaker nominations via STP. To facilitate this, a specific JobMaker pay run feature will be available in QuickBooks Payroll to allow you to easily report what is required without worrying about ATO specifications.
Learn how to process JobMaker Nominations in the pay run here.
Content sourced from Employment Hero
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