The Business Advisory Blog

The Business Advisory Blog

Insight, news and updates from Alliott NZ Chartered Accountants, Auckland New Zealand. The views expressed here are the views of the author and should be discussed in further detail should an article be relevant to your individual circumstances.

While every effort has been made to provide valuable, useful information in this publication, this firm and any related suppliers or associated companies accept no responsibility or any form of liability from reliance upon or use of its contents. Any suggestions should be considered carefully within your own particular circumstances, as they are intended as general information only.

Vanessa Williams
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COVID Support Payment

Applications are now open and can be made through myIR on the IRD website.

remote virtual office desk-867Please see a link below on how to do this:

» Apply for the COVID-19 Support Payment

With some businesses struggling to understand how to determine if they've had the 40% drop in revenue that's required to get the payment — in particular, which dates to use — the IRD has updated their web content to clarify the issue. See link below:
» COVID-19 Support Payment (CSP)

Some businesses are concerned that their income was already low during January and early February this year, and the need to show a further 40% drop in revenue will mean they are ineligible for the payment.

In light of that, the Minister of Finance has announced that businesses will also be able to compare their income to the same period in 2021. For more details see press release dated 25 Feb 2022:

Take your business to the next level with help from Alliott NZ's experienced team of Chartered Accountants and Business Advisors in Auckland.

Previous article: New Financial Support for Businesses affected by Omicron

Topics: cashflow coronavirus COVID-19 employees New Zealand revenue drivers small business support