Worried you’re missing part of your refund? Remember, the low and middle income tax offset isn’t a refund on its own – it’s used to offset (or reduce) the amount of tax you pay. The offset amount you may be entitled to is automatically applied and could range between $255-$1080, depending on things like your taxable income and how much tax you’ve paid.
The JobMaker Hiring Credit is an incentive to encourage businesses to employ additional young job seekers.
From 7 October 2020 to 6 October 2021, eligible employers can claim the payment for each new job that is created and filled by an eligible employee.
Find answers to the top questions the community is asking here.
How do I apply for the JobMaker Hiring Credit?
If you’re an eligible employer, you can register from 7 December 2020 and make your first claim from 1 February 2021. If you’re an employee, you don’t need to apply as payments are made to employers to help them cover the cost of employing you.
Can we claim JobKeeper and JobMaker at the same time?
It depends. If you’re an employer and are entitled to a JobKeeper payment, for a fortnight that started during the JobMaker reporting period, then you can’t claim both.
What counts towards the 20 hours a week threshold?
To be eligible, the employee will need to have worked for at least or a minimum of an average of 20 hours. All paid hours, including paid leave, count towards your average hours, but unpaid leave doesn’t.
If we re-hire terminated employees, are they eligible?
Yes, if they meet all the employee eligibility criteria.
How do I work out our baseline headcount and payroll amounts?
For the first year of the scheme (7 October 2020 to 6 October 2021), your baseline headcount is the number of people that you employed on 30 September 2020. You will also need to work out your baseline payroll amount, you can do this by figuring out how many pay cycles end within a JobMaker period.