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