The Coronavirus Economic Response Package (Payments and Benefits) Rules 2020 have been amended by Coronavirus Economic Response Package (Payments and Benefits) Amendment Rules (No 9) 2020 to specify details about the JobMaker Hiring Credit scheme. Details include the start and end date of the scheme, when an employer or business is entitled to a payment, the amount and timing of a payment, and other matters relevant to the administration of the payment.

The JobMaker Hiring Credit Reporting Obligations Instrument 2020 lists the information that employers must provide the ATO either via Single Touch Payroll or otherwise, to verify eligibility and entitlements. The instrument also sets out the reporting deadlines for employee information and claims information for each JobMaker period.

Employers can now register with the ATO for the JobMaker Hiring Credit scheme. Eligible employers can register through ATO online services, the Business Portal, or a registered tax or BAS agent. Claims for the first quarterly payment will open on 1 February 2021.

Resources and detailed information on the scheme are available on the ATO’s JobMaker Hiring Credit scheme page, including a payment estimator.

If you have further questions about the JobMaker Hiring Credit Scheme, contact Michael Hamilton at Blue Dragon Business Services.

Blue Dragon Business Services are tax agents located in Cooroy, in the heart of Noosa Hinterland. We service all areas of the Sunshine Coast and South-East Queensland including Brisbane, Gympie, Ipswich and Logan  for tax, BAS and bookkeeping. We also practice as virtual CFOs, take on interim CFO engagements as well as financial management, reengineering and restructures including business turnarounds, transformations and expert financial modelling.

Take a load off your mind and call us for your obligation free consultation.

Let’s chat about your business today. 

E: michael@bluedragongroup.com.au

P: 07 5412 7111