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The Business Advisory Blog

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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.

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COVID-19 Wage Subsidy and Resurgence Support

Written by Greg Millar on August 18th, 2021.      0 comments

Wage Subsidy

Last night the Minister of Finance, Grant Robertson, announced the Wage Subsidy will be reinstated due to NZ being back at Alert Level 4.


payroll wages salaries-423Businesses that expect a 40% loss of revenue due to Alert Level 4 can apply.

The subsidy is $600 per week for full-time employees and $359 per week for part-time employees.

Payments are expected to be paid within 3 days of application. Applications will open this Friday 20 August 2021 via the Work and Income website.
 

Resurgence Support

The COVID-19 Resurgence Support Payments will be reinstated, allowing businesses to get $1,500 plus an extra $400 per employee up to a maximum of 50 full-time employees. Applications for this subsidy will be through the Inland Revenue website. 

Businesses can apply for both payments.  
 
We will advise of further details as they arise.

Stay safe during this latest lockdown period. Please call us on 09 520 9200 if you would like to consider moving forward with Wage Subsidy assistance.

 

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