Time running out to claim JobMaker Hiring Credits

The Australian Taxation Office released advice on Monday (18 October) in regard to the changes made to help support small businesses.

Businesses that are eligible for JobMaker Hiring Credit payments need to register using the ATO online services, Online services for business, or a registered tax or BAS agent; nominate additional eligible employees by running payroll events through Single Touch Payroll-enabled software and then make a claim using ATO online services, Online services for business, or a registered tax or BAS agent.

Eligible businesses can claim the JobMaker Hiring Credit for up to a year for each additional eligible employee hired between 7 October 2020 and 6 October 2021.

Resources are available to help businesses claim the JobMaker Hiring Credit, including a guide, key dates and a payment estimator tool to help calculate the payment you could receive from the ATO.