Please find below an update on the latest rounds of government support.
We are also including a link to the leave support scheme which becomes more relevant once people are able to work outside of their homes.
Resurgence Support Payment (RSP)
A third round of the RSP will be available on Friday 8th of October.
To qualify you will require to have suffered a 30% decrease in revenue (compared to a typical period prior to lockdown) for a 7 day period commencing on or after 29th September.
A link to apply is here https://www.ird.govt.nz/covid-19/business-and-organisations/resurgence-support-payment/apply
You can still apply for the first and second rounds of RSP if you have not already done so.
Wages subsidy scheme (WSS)
The fourth round of the wage subsidy scheme is open until 11:59pm on Thursday 14th October
This covers the period 28th September to 11th October during which Auckland was entirely under level 3.
To qualify your revenue from this period must be 40% down on the pre lockdown comparison period.
A link to apply is here https://www.workandincome.govt.nz/covid-19/wage-subsidy/index.html
Leave Support Scheme (LSS)
If you or an employee have been told to self-isolate due to Covid and can’t work from home then support is available for these individuals.
There is no need to show an income drop but there are health criteria that need to be met.
Full details of the criteria and how to apply are here https://www.workandincome.govt.nz/covid-19/leave-support-scheme/index.html
Do note that you cannot receive the Leave support payment and the Wage subsidy payment for the same employee at the same time.
This support will generally be used when the business is back working so does not generally qualify for the wage subsidy as a business, but an indificual employee is unable to work due to COVID.
We are here to help
We are continuing to work from home under step 1 of level 3 ,but as always let us know, by email or phone, if we can be of any help with anything.
The team at Hounsell Accounting Ltd
The material on this website is for the benefit and information of clients. The items are in the nature of general comments only, and are not to be used, relied or acted upon without seeking further professional advice. Hounsell Accounting Limited accepts no liability for any errors or omissions, or for any loss or damage suffered as a result of any person acting without such advice