As we cope with another lock down in NZ, the Government are updating support measures for businesses and workers.
Please note that, if you are eligible, you are able to apply for both support payments.
Covid-19 Wage Subsidy
The Covid-19 Wage Subsidy assists businesses with keeping their staff employed and helping to continue paying their wages.
Eligibility criteria
- A business or organisation must have experienced at least a 40% drop in revenue over a 14-day period, due to the increased Covid-19 alert level.
- Revenue is compared to a typical 14 day period in the 6 weeks prior to the change in alert level.
For more details and applying for the Covid-19 Wage Subsidy, you can find below.
https://www.workandincome.govt.nz/covid-19/wage-subsidy/index.html
The Resurgence Support Payment
The Resurgence Support Payment assists small businesses to cover expenses such as wages and fixed costs, when there is a move to Alert Level 2 or higher for a week or more.
Eligibility criteria
- A business or organisation must have experienced at least a 30% drop in revenue or a 30% decline in capital-raising ability over a 7-day period, due to the increased Covid-19 alert level.
- Revenue is compared to a typical 7 day period in the 6 weeks prior to the change in alert level.
For more information on the resurgence support payment and calculate the amount you would be entitled to, visit the Inland Revenue Page below.
https://www.ird.govt.nz/covid-19/business-and-organisations/resurgence-support-payment
If you have any further questions please call us on 03 3375 287.