Update 1 June
The JobMaker Hiring Credit scheme’s second claim period is now open.
If you have taken on additional young employees between 7 January and 6 April 2021 you may be eligible to claim JobMaker Hiring Credit payments for them.
Under the scheme, eligible employers can receive payments of up to:
$10,400 over a year for each additional eligible employee aged 16 to 29 years
$5,200 over a year for each additional eligible employee aged 30 to 35 years.
This can help with the cost of growing your business as you increase your employee headcount and payroll.
You can register at any time for the JobMaker Hiring Credit until the scheme ends.
You only need to register once, before the end of the claim period for the first JobMaker period you want to claim for.
If you are already participating in the scheme, make sure you still meet eligibility criteria before claiming for this period.
Source and credit: ATO.gov.au
A recent court decision may mean some businesses could now claim JobKeeper payments for eligible business participants or cash flow boost credits.
You may now be able to make claims for JobKeeper payments or become eligible for cash flow boost credits if:
you can demonstrate that it would be reasonable for the Commissioner to exercise his discretion to grant further time to have an ABN or to provide notice of assessable income or taxable supplies; and
you meet all other eligibility conditions for JobKeeper and cash flow boost.
The decision doesn't apply to employer entities who applied for JobKeeper for their eligible employees.
You don't need to contact the ATO about this decision. They will contact those impacted when they have completed their review, or if they need more information. This process should be completed by June 2021.
If the Commissioner decides to exercise his discretion and you then claim for the JobKeeper payment, the ATO may later review your claims for all the other eligibility conditions. Similarly, they may also later review if you satisfy the other eligibility criteria for the cash flow boost.
Find out about:
Source and credit: ATO.gov.au
The Australian Government is providing funding of $12.7m to support an additional 10,000 small businesses to access expert, independent and tailored advice through the Digital Solutions - Australian Small Business Advisory Services program.
The Digital Solutions program provides small businesses with low cost, high quality advice on a range of digital solutions to help them meet their business needs and grow digital capability.
In April 2020, the program was broadened to include general business support for small businesses impacted by the COVID-19 pandemic. As part of the 2020-21 Budget Digital Business Plan, the program received funding for an additional 10,000 places in the 2020-21 financial year. The funding provided in this Budget extends this initiative for a further year.
The Digital Solutions program will also undertake a pilot to test the demand for services in the not-for-profit sector. Not-for-profit organisations that are commercial in nature, including Indigenous organisations will be targeted. This pilot would allow up to 200 not-for-profit organisations to deliver services more effectively and better support communities in need.
Research shows that small businesses who engage with digital technology are more resilient, have higher revenues, better profits and more time to focus on their customers and families.
Source and credit: Business.gov.au
21 June 2021 May monthly BAS due