Jobmaker Hiring Credits

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Jobmaker Hiring Credits - Eligibility & Management

In the 2020-21 Federal Budget, the Government announced the introduction of a new JobMaker Hiring Credit to stimulate job creation.

The first deadline for electing to participate in the JobMaker scheme for the first JobMaker period is currently 6 January 2021.

This webinar helps you understand your eligibility for JobMaker credits so you can take appropriate steps to avoid missing out on payments from the ATO.

WHAT WE COVER

Timing issues and key dates
The conditions that need to be satisfied for an employer to qualify
How to determine whether an employee can be taken into account
Applying the headcount increase and payroll increase tests in practice
The interaction between JobMaker, JobKeeper and other employment initiatives
Documentation requirements and reporting obligations

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On 31 March, the Fringe Benefits Tax (FBT) year ends. With the ever increasing budget deficits, the ATO will be reviewing whether all employers who should be paying FBT are, and that they are paying the right amount. Who needs to lodge a FBT return? Find out here.

Why You Should Lodge an FBT Return

Why should you lodge an FBT return where no FBT is payable? Well, for the simple reason that it turns on a three-year deadline for the ATO to commence audit activities. This is a NEW ATO rule as a result of massive deficits due to COVID. The ATO need to gain more funds somehow...FBT liability is one of the methods.

Jobmaker Hiring Credits