Jobmaker: What you should know


As defined by the Australian Taxation Office, “the JobMaker Hiring Credit scheme is an incentive for businesses to employ additional young job seekers aged 16–35 years.” In other words, the JobMaker program is intended to boost employment growth by enabling companies to take on additional workers that they would not otherwise have employed by providing credit to qualified employers.

Qualified employers will receive $200 a week for each new hire aged between 16 and 29. Hiring new skilled workers aged 30 to 35 will allow a company to receive $100 a week. Moreover, before taking advantage of the JobMaker program, both businesses and employees must strictly comply with the given eligibility criteria.

In order for employers to be eligible, they must have the following: 

● Australian Business Number

● Up-to-date tax lodgement obligations

● Registered for Pay As You Go (PAYG)

● Reporting via Single Touch Payroll

Note: Employers will not qualify if they are claiming JobKeeper Payment.

JobMaker periods are anticipated to continue until the 6th of October 2022. Still, the employer’s maximum time to apply to JobMaker for a qualifying employee is only limited to 12 months at maximum.

As the purpose of the JobMaker program is to underwrite an increase in the number of jobs, qualified employers must comply with a series of other requirements, including headcount and payroll adjustments, to show that they are generating new job vacancies.

Although companies can profit from the JobMaker program, it is crucial to avoid violating the discrimination laws. Should you want to hear more about the ins and outs of the JobMaker scheme, you can count on Accounting Tax Solutions to provide you with a detailed overview and customer-friendly guidance. As one of Australia’s fast-growing tax solution companies, we are committed to providing our valued clients with top-notch business and accounting services.

Call us on 07 5559 1200, fill out our contact form or schedule an appointment at our office:

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3 Swan Lane
Mudgeeraba Market Shopping Centre
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