Employer eligibility key criteria:
📩 You need to be up to date with tax lodgements. You can’t have any overdue or outstanding tax returns.
📝 You also need to be registered for Pay As You Go (PAYG) withholding, which is a requirement of employing people.
💻 You need to report payroll through Single Touch Payroll. That’s been a requirement for a while now with a couple of exemptions but, you do need to be registered for Single Touch Payroll.
👤You also need to have met the additionality criteria. What that broadly means is that, you can’t just fire half your workforce and replace them with people who meet the eligibility conditions. If you’ve got 10 people, you can’t fire 5, hire 5 and then be eligible. You need to increase your head count to be able to claim.
📁 Have kept adequate records. You also need to pay them at least 20 hours a week. They can’t be casual for a few hours to be able to get this, and you need to keep records of this stuff. If you’re using something like Xero, or a payroll software to pay them, it should be pretty easy to do that.
If you need to have a chat with an Accountant about your business – book in a free Strategy Chat with an Inspire Life Changing Accountant today.
Select your desired option below to share a direct link to this page.
Your friends or family will thank you later.