{"id":3527,"date":"2021-08-21T09:48:07","date_gmt":"2021-08-20T21:48:07","guid":{"rendered":"https:\/\/www.bdsaccountants.co.nz\/?p=3527"},"modified":"2021-08-21T10:53:55","modified_gmt":"2021-08-20T22:53:55","slug":"covid-19-business-support","status":"publish","type":"post","link":"https:\/\/www.bdsaccountants.co.nz\/insights\/taxinsight\/covid-19-business-support","title":{"rendered":"Covid-19 Business Support"},"content":{"rendered":"

 
\nThis lockdown was announced at 17 August 2021 and has triggered three of the government’s existing policies – Resurgence Support Payment, the Covid Wage Subsidy, and the COVID-19 Leave Support Scheme. The terms ’employee’ and ‘business’ below include sole traders and shareholder-employees.<\/p>\n

Some information and applications may not be immediately available, so keep checking the MSD website regularly https:\/\/www.workandincome.govt.nz\/covid-19\/index.html<\/a><\/p>\n

Wage Subsidy Scheme (WSS)<\/strong><\/p>\n

For businesses which expect a loss of at least 40% revenue as a result of this lockdown
\n\u2022 To be paid as a two-week lump sum
\n\u2022 Can only be used for wages, not general operating costs
\n\u2022 $600 per week for each full-time employees
\n\u2022 $359 per week for each part-time employee<\/p>\n

Applications expected to open on 20 August from Work and Income NZ.<\/p>\n

Resurgence Support Payment (RSP)<\/strong><\/p>\n

The RSP is available if a business incurs a drop of 30 percent in revenue over 7 days, compared with 7 days in the last 6 weeks as a result of the Alert Level increase. For commonly owned groups, the whole group needs to be eligible before each entity can claim the RSP.<\/p>\n

For businesses which expect a loss of at least 30% revenue as a result of this lockdown<\/p>\n

\u2022 To be paid as a lump sum
\n\u2022 Can be used for general operating costs
\n\u2022 The amount is to be the lower of:
\n\u2022 $1,500 plus $400 per full-time equivalent employee (up to 50 FTEs), or
\n\u2022 Four times the actual revenue decline experienced by the business<\/p>\n

Leave Support Scheme (LSS)<\/strong><\/p>\n

The LSS provides a two-week lump sum payment of either $585.80 per week for full-time workers, or $350 per week for part-time workers, who must self-isolate and cannot work from home.<\/p>\n

For employers to help pay employees who cannot work from home while self-isolating<\/p>\n

\u2022 $585.80 per week for full-time employees
\n\u2022 $350.00 per week for part-time employees<\/p>\n

Short-Term Absence Payment (STAP)<\/p>\n

The STAP provides a one-off (once per 30 days) $350 payment for workers who must miss work due to a COVID-19 test and cannot work from home. Further information is available on the MSD website.<\/p>\n","protected":false},"excerpt":{"rendered":"

  This lockdown was announced at 17 August 2021 and has triggered three of the government’s existing policies – Resurgence Support Payment, the Covid Wage Subsidy, and the COVID-19 Leave Support Scheme. The terms ’employee’ and ‘business’ below include sole traders and shareholder-employees. Some information and applications may not be immediately available, so keep checking …<\/p>\n","protected":false},"author":1,"featured_media":3529,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[492,489,493],"tags":[],"yst_prominent_words":[],"yoast_head":"\nCovid-19 Business Support - BDS Chartered Accountants<\/title>\n<meta name=\"robots\" content=\"index, follow\" \/>\n<meta name=\"googlebot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta name=\"bingbot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bdsaccountants.co.nz\/insights\/taxinsight\/covid-19-business-support\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Covid-19 Business Support - BDS Chartered Accountants\" \/>\n<meta property=\"og:description\" content=\"  This lockdown was announced at 17 August 2021 and has triggered three of the government’s existing policies – Resurgence Support Payment, the Covid Wage Subsidy, and the COVID-19 Leave Support Scheme. 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