The Government has updated the stimulus package and we would like to bring to your attention the following:
If you are a New Zealand business owner, and/or employer, and you have seen your work significantly impacted because of Covid-19 there may be some relief available for you.
The latest update has just been released around the subsidies. There is no longer a $150,000 cap. As of right now, all businesses are likely eligible for a 12 week wage subsidy, which is a lump payment for 12 weeks of either $585 per week for a full-time person, or $350 per week for a part-time person.
You can apply only for a limited time. You can apply more than once. Please do not delay in contacting either MSD, or us if you require assistance.
Link for Self employed/ Sole Traders:
https://services.workandincome.govt.nz/ess/trader_applications/new
Link for businesses to get staff subsidy:
https://services.workandincome.govt.nz/ess/employer_applications/new
Full info can be read here:
https://www.workandincome.govt.nz/products/a-z-benefits/covid-19-support.html
We will be communicating with you on a regular basis as the situation around Covid-19 evolves.
In the meantime, the full details of the Government package can be found here:
https://treasury.govt.nz/news-and-events/news/covid-19-economic-package-announced
and IRD changes
https://www.ird.govt.nz/Updates/News-Folder/covid-19-business-continuity-package
Kia kaha, stay safe.