COVID-19 Wage Subsidy

The Lockdown is with us again and I hope you and your families are keeping safe during this stressful time.

I have some information about the Wage Subsidies and Resurgence Payments that maybe helpful to you.
Please make sure that you read the rules carefully to make sure you are eligible to apply. If in doubt, get in touch with me.

Wage Subsidies

  • Wage Subsidy applications open on Friday 20th August 2021 and will be open for 2 weeks.
  • Due to wage inflation, the amount has increased to $600 per week for a fulltime employee and $359 for a part time employee.
  • The Business must have had a decrease in Revenue of 40% due to Alert Level 4.
  • Please ensure if you are going to apply for this, you keep your workings of your entitlement as you may be asked for it in future years. 
  • https://www.workandincome.govt.nz/covid-19/wage-subsidy/index.html
Resurgence Payment
 
The resurgence payment has been reinstated due to alert level 4. A business or organisation must have had a 30% reduction in revenue over a 7-day period due to the change in alert levels. This is 
 an actual loss, not a forecasted one. Please read the eligibility criteria before applying and keep your workings safe.
 
Create a folder in Xero, or on your PC for all your Covid Subsidy Applications so that it is safe, and you know where to find it if and when you are asked for it.
 
This allows businesses to receive up to $1500, plus an extra $400 per employee, up to a maximum of 50 full-time employees.  The payment does not have to be applied directly to employees and can be used to fund fixed operating costs and the good news is businesses can apply for both payments.
https://www.ird.govt.nz/covid-19/business-and-organisations/resurgence-support-payment/eligibility

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