With this lockdown in Auckland seeming to go on endlessly, it is a good time to refresh evryone on what assist is accessible and what adjustments have been made to the assist.
If your enterprise has decreased income
COVID-19 Wage Subsidy Scheme
The Wage Subsidy Scheme might 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 elements of the nation can apply for the COVID-19 Wage Subsidy Scheme.
You possibly can apply for the COVID-19 Wage Subsidy Scheme to assist hold paying your workers and defend 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, Depart Help Scheme and Quick-Time period Absence Fee for a similar worker on the similar time.
In case you utilized for a Wage Subsidy, you’ll need to attend 2 weeks after your software earlier than you may apply for the following Wage Subsidy, even when you have not obtained a cost but.
To use for the wage subsidy go to the work and earnings web site.
COVID-19 Resurgence Help Fee
The COVID-19 Resurgence Help Fee helps to cowl wages and glued prices for companies who’ve been straight affected when there is a rise to Alert Stage 2 or larger for per week or extra.
To be eligible, your enterprise will need to have skilled not less than a 30% drop in income or a 30% decline in capital-raising capacity over a 7-day interval, because of a rise in Alert Ranges.
You possibly can 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 may 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 possibly can apply for each the COVID-19 Resurgence Help Fee and the COVID-19 Wage Subsidy Scheme for those who meet all of the eligible standards.
You possibly can obtain all three funds in case you are eligible for them.
Improve to Resurgence Help Fee
The Authorities has introduced a rise to the Resurgence Help Fee as we transition to the brand new COVID-19 Safety Framework.
From 12 November 2021, the Resurgence Help Fee might be paid fortnightly.
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Companies can obtain $3000 per enterprise plus $800 per full-time worker (FTE), as much as 50 FTE.
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The utmost fortnightly cost is $43,000.
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If you’re self employed, or a sole dealer you may obtain a cost of $3,800.
The eligibility standards stays the identical.
The Resurgence Help Fee 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 workers, you could possibly apply for the Small Enterprise Cashflow Mortgage Scheme. This can be a one-off 5 yr mortgage. You possibly can 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 small 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 yr.
Purposes are open till 31 December 2023 by means of myIR. If your enterprise doesn’t have a myIR account, you’ll need to create one to use.
Loans might 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 along with your tax
If you’re discovering it arduous to satisfy your tax obligations because of COVID-19, Inland Income could possibly assist.
If an worker must self-isolate
If an worker has been requested to self-isolate by a physician or well being official, they legally should keep dwelling till they’re instructed they not must by public well being officers.
If an worker can not work at home whereas self-isolating, you could possibly apply for monetary assist to allow them to proceed to receives a commission.
COVID-19 Depart Help Scheme
In case your workers have been requested to self-isolate they usually can not work at home, you may apply for the COVID-19 Depart Help Scheme for them. Staff on an off-the-cuff contract are additionally eligible for the cost.
You can even use the cost to assist pay workers who:
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are sick with COVID-19 and must isolate till a physician tells them they not must
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have been in shut contact with somebody who has COVID-19
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are at the next threat of getting sick from COVID-19
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reside with somebody who’s at excessive threat of getting sick from COVID-19, and a physician or well being skilled has instructed individuals within the family to isolate to scale back the danger of transmitting COVID-19 to susceptible family members
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have been requested to self-isolate by public well being officers
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want to remain dwelling and take care of a dependent baby who wants assist to self-isolate.
The Depart Help Scheme is paid as a 2 week lump sum on the price of:
$600 per week for full-time workers
$359 per week for part-time workers
Employers and workers want to satisfy sure standards to use for the Depart Help Scheme.
This cost is accessible anytime, and isn’t restricted to a change in Alert Ranges.
You can’t get the Wage Subsidy August 2021, Depart Help Scheme and Quick-Time period Absence Fee for a similar worker on the similar time.
If an worker is ready for the results of a COVID-19 check
If an worker has been requested to get a COVID-19 check, they need to keep dwelling till they get a adverse end result.
If an worker can not work at home, you could possibly apply for monetary assist to allow them to proceed to receives a commission.
COVID-19 Quick-Time period Absence Fee
The COVID-19 Quick-Time period Absence Fee helps companies hold paying workers who can not work at home and:
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want to remain at dwelling whereas ready for a COVID-19 check end result
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want to remain dwelling and take care of a dependent baby who has been requested to get a COVID-19 check, or
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reside with somebody who has been at a location of curiosity and want to remain dwelling whereas they look forward to the particular person within the family to get a adverse check end result.
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 dwelling ready for check outcomes. The quantity is similar for each full-time and part-time workers.
You possibly can apply for the Quick-term Absence Fee 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, Depart Help Scheme and Quick-Time period Absence Fee for a similar worker on the similar time.
Extra assist for companies in Auckland
As Auckland transitions to the brand new COVID-19 Safety Framework, companies will be capable to apply for as much as $3000 value of recommendation and planning assist, after which obtain as much as $4,000 to implement that recommendation by means of the established Regional Enterprise Companions programme.
There may also be funding out there for companies to use for psychological well being assist for his or her workers.