LEVEL 3 AGAIN

Greenlion News

We are sure that you are all feeling the frustration, as we are, that we are back to level 3. We know that for some of you these new restrictions will have a major impact on how you are able to conduct your day to day business. Please do reach out if you are worried and need to sound out some issues.

Support Packages

A reminder that there are a couple of support packages available to you, if you haven’t already taken advantage of these. 

These include:

  • Wage Subsidy. On Saturday night Grant Robinson announced that there will be a further extension to the Wage Subsidy Scheme for those effected by this current Auckland lockdown. More information about a new Wage Subsidy for employers and self-employed people throughout New Zealand will be available today. Please keep checking this website. He also said businesses that are eligible will be able to apply for both the Wage Subsidy & Resurgence Support Payment.
  • Resurgence Support Payment. Now that the alert levels have been raised for 7 days, businesses or organisations who experience at least a 30% drop in revenue or capital-raising ability over this 7-day period and meet other RSP eligibility criteria will be able to apply. The payment consists of a base amount of $1,500 per applicant plus $400 per full-time equivalent (FTE) up to a cap of 50 FTEs. Although the payment is capped at 50 FTEs, businesses with more than 50 FTEs may still apply. Applications are currently open until 22 March 2021 and can be made through your MyIR portal, please click here to apply.
  • Leave Support Scheme. Should you have an employee who has been directed by the Ministry of Health to stay home and isolate but is unable to work from home, you may be eligible to apply for the Leave Support Scheme. This is a lump sum payment much like the wage subsidy ($585.80 for people who were working 20 hours or more per week (full-time rate) and $350.00 for people who were working less than 20 hours per week (part-time rate). This is paid as a lump sum, calculated to cover 2 weeks. You can re-apply after this time if your employees still qualify.

Should you need any help checking if you are eligible for the above or need assistance with the application process, please call your usual Greenlion advisor who will be happy to help. 

We’re here to help

The uncertainty and rapidly changing nature of this pandemic means we need to think on our feet while still making sound decisions. At Greenlion we are here to help you, whether it’s acting as a sounding board, formulating funding requests for the bank or reviewing and implementing systems to allow staff to work at home. Please call us if you would like to talk.

Related
Greenlion News
December 1, 2021

Final Support before the ‘freedom’ of the traffic lights…

On Monday the Government announced the support available under the new COVID Protection Framework. They also announced that the final Wage Subsidy and Resurgence Support Payment are now available, along with a new Transition Payment. We have set out more details below.   Wage Subsidy – Round 8 The 8th round of the Wage Subsidy…

Greenlion News
October 22, 2021

The goal is 90% – here’s the support package

Todays announcement has certainly given us something to think about and to work towards.  If you haven’t already we do urge you to get vaccinated. Your action now could be the difference for some of our clients coming out with a business intact.  In todays announcement Minister Robertson has shared the path forward as we…

Greenlion News
September 30, 2021

Limitation of Interest Deductibility on Residential Property Investment Released

Earlier this week the Government released draft legislation outlining some detail in relation to the March interest limitation proposals.   The proposals are contained in Supplementary Order Paper No. 64. It is pretty dry and the devil is in the detail so please bear with us.    We have attempted concisely to summarise the key…