With this lockdown in Auckland seeming to go on without end, it is a good time to refresh evryone on what help is obtainable and what adjustments have been made to the help.
If your enterprise has decreased income
COVID-19 Wage Subsidy Scheme
The Wage Subsidy Scheme will probably be out there to all companies whereas any a part of the nation is in Alert Ranges 3 or 4. For instance, whereas Auckland is in Alert Ranges 3 or 4, companies in Auckland and different components of the nation can apply for the COVID-19 Wage Subsidy Scheme.
You may apply for the COVID-19 Wage Subsidy Scheme to assist maintain paying your employees and shield jobs.
Companies should meet the eligibility standards to use.
Companies and self-employed individuals should count on a 40% drop in income to be eligible to obtain the wage subsidy.
The wage subsidy is paid in a 2 week lump sum. You may get:
$600 per week for every full-time worker
$359 per week for every part-time worker
You can’t get the Wage Subsidy August 2021, Go away Assist Scheme and Quick-Time period Absence Cost for a similar worker on the identical time.
In case you utilized for a Wage Subsidy, you will want to attend 2 weeks after your software earlier than you’ll be able to apply for the following Wage Subsidy, even when you have not acquired a cost but.
To use for the wage subsidy go to the work and revenue web site.
COVID-19 Resurgence Assist Cost
The COVID-19 Resurgence Assist Cost helps to cowl wages and glued prices for companies who’ve been straight affected when there is a rise to Alert Stage 2 or increased for every week or extra.
To be eligible, your enterprise will need to have skilled at the least a 30% drop in income or a 30% decline in capital-raising skill over a 7-day interval, attributable to a rise in Alert Ranges.
You may obtain $1,500 per enterprise plus $400 per full-time worker (FTE), as much as 50 FTE.
The utmost cost is $21,500.
In case you’re a sole dealer, you’ll be able to obtain a cost of as much as $1,900.
Companies anyplace in New Zealand can apply in the event that they meet the eligibility standards.
You may apply for each the COVID-19 Resurgence Assist Cost and the COVID-19 Wage Subsidy Scheme in the event you meet all of the eligible standards.
You may obtain all three funds in case you are eligible for them.
Improve to Resurgence Assist Cost
The Authorities has introduced a rise to the Resurgence Assist Cost as we transition to the brand new COVID-19 Safety Framework.
From 12 November 2021, the Resurgence Assist Cost will probably be paid fortnightly.
Companies can obtain $3000 per enterprise plus $800 per full-time worker (FTE), as much as 50 FTE.
The utmost fortnightly cost is $43,000.
In case you are self employed, or a sole dealer you’ll be able to obtain a cost of $3,800.
The eligibility standards stays the identical.
The Resurgence Assist Cost will proceed to be out there to companies anyplace in New Zealand till Auckland strikes to the brand new COVID-19 Safety Framework.
Small Enterprise Cashflow Mortgage Scheme
In case you make use of 50 or fewer employees, you might be able to apply for the Small Enterprise Cashflow Mortgage Scheme. This can be a one-off 5 12 months mortgage. You may borrow a most of $10,000 plus $1,800 per full-time-equivalent worker inside your enterprise.
When making use of for the mortgage, you want to have the ability to declare that your enterprise is viable.
Your online business will need to have skilled a minimal 30% decline in precise or predicted income over the interval of a month, in contrast with the identical month final 12 months.
Purposes are open till 31 December 2023 by myIR. If your enterprise doesn’t have a myIR account, you will want to create one to use.
Loans will probably be curiosity free if they’re paid again inside 2 years. The rate of interest is 3% for a most time period of 5 years.
Assist together with your tax
In case you are discovering it arduous to fulfill your tax obligations attributable to COVID-19, Inland Income might be able to assist.
If an worker must self-isolate
If an worker has been requested to self-isolate by a health care provider or well being official, they legally should keep residence till they’re advised they not must by public well being officers.
If an worker can not make money working from home whereas self-isolating, you might be able to apply for monetary help to allow them to proceed to receives a commission.
COVID-19 Go away Assist Scheme
In case your workers have been requested to self-isolate they usually can not make money working from home, you’ll be able to apply for the COVID-19 Go away Assist Scheme for them. Staff on an off-the-cuff contract are additionally eligible for the cost.
You may also use the cost to assist pay workers who:
are sick with COVID-19 and must isolate till a health care provider tells them they not must
have been in shut contact with somebody who has COVID-19
are at a better threat of getting sick from COVID-19
dwell with somebody who’s at excessive threat of getting sick from COVID-19, and a health care provider or well being skilled has advised individuals within the family to isolate to cut back the danger of transmitting COVID-19 to weak family members
have been requested to self-isolate by public well being officers
want to remain residence and take care of a dependent baby who wants help to self-isolate.
The Go away Assist Scheme is paid as a 2 week lump sum on the price of:
$600 every week for full-time workers
$359 every week for part-time workers
Employers and workers want to fulfill sure standards to use for the Go away Assist Scheme.
This cost is obtainable anytime, and isn’t restricted to a change in Alert Ranges.
You can’t get the Wage Subsidy August 2021, Go away Assist Scheme and Quick-Time period Absence Cost for a similar worker on the identical time.
If an worker is ready for the results of a COVID-19 take a look at
If an worker has been requested to get a COVID-19 take a look at, they have to keep residence till they get a unfavourable outcome.
If an worker can not make money working from home, you might be able to apply for monetary help to allow them to proceed to receives a commission.
COVID-19 Quick-Time period Absence Cost
The COVID-19 Quick-Time period Absence Cost helps companies maintain paying workers who can not make money working from home and:
want to remain at residence whereas ready for a COVID-19 take a look at outcome
want to remain residence and take care of a dependent baby who has been requested to get a COVID-19 take a look at, or
dwell with somebody who has been at a location of curiosity and want to remain residence whereas they watch for the individual within the family to get a unfavourable take a look at outcome.
Staff on an off-the-cuff contract are additionally eligible for the cost.
You may get a one-off quantity of $359 for every eligible employee whereas they’re staying residence ready for take a look at outcomes. The quantity is similar for each full-time and part-time workers.
You may apply for the Quick-term Absence Cost any time, not simply when there’s a threat of neighborhood transmission, or change in Alert Ranges.
You can’t get the Wage Subsidy August 2021, Go away Assist Scheme and Quick-Time period Absence Cost for a similar worker on the identical time.
Further help for companies in Auckland
As Auckland transitions to the brand new COVID-19 Safety Framework, companies will be capable of apply for as much as $3000 price of recommendation and planning help, after which obtain as much as $4,000 to implement that recommendation by the established Regional Enterprise Companions programme.
There may even be funding out there for companies to use for psychological well being help for his or her workers.
