Helping You Achieve the Freedoms of Time, Money and Peace of Mind
Are you eligible for the Wage Subsidy COVID-19?
September 2nd, 2021
Michelle Thompson, CA, Head of Tax & Compliance
The wage subsidy schemes ensure employers can keep paying their employees, and workers continue to receive income, and stay connected to their employer, even if unable to work their normal hours. The Wage Subsidy scheme (WSS) is in place if there is an escalation to Alert Levels 3 or 4 anywhere in New Zealand, for 7 days or more.
Eligible employers and self-employed anywhere in the country may apply for the WSS if they expect a loss of 40% of revenue because of the alert level increase announced on 17 August 2021. Is your business in this category? Please contact us and we can work through the eligibility criteria and declaration with you.
Note that you can't receive more than one COVID-19 payment for the same employee at the same time. This includes the:
- Wage Subsidy
- Leave Support Scheme
- Short-Term Absence Payment
If you are one of the businesses affected by COVID-19 and have applied for support through the wage subsidy, keep in mind that the subsidy comes with specific conditions
We want to help you keep your business afloat and keep your team together. If anything changes that may affect your eligibility or entitlement to the subsidy, please let us know.
For more information, download the guide.
Michelle Thompson, CA
Head of Tax & Compliance
Ph: 09 366 6005