COVID-19 business support update

By on 28th October 2021


Find out more about the latest support measures available for business impacted by COVID-19

Resurgence Support Payment doubles

From 12 November 2021, the Resurgence Support Payment will be paid fortnightly instead of three weekly.

Businesses can receive $3000 per business plus $800 per full-time employee (FTE), up to 50 FTE (up from$1500 plus $400 per full-time employee). The maximum fortnightly payment is $43,000.

If you are self employed, or a sole trader you can receive a payment of $3,800. The eligibility criteria remains the same.

The Resurgence Support Payment will continue to be available to businesses anywhere in New Zealand until Auckland moves to the new COVID-19 Protection Framework.

To find out more, click here.

Wage Subsidy Scheme

Applications for the fifth round of the August 2021 Wage Subsidy are now open. You can apply until 11:59pm 28 October 2021. The payment rates and eligibility criteria remain the same.

Applications for the sixth round will open at 9am on 29 October 2021.

For more information, click here.

Additional support for Auckland businesses

Businesses in Auckland will be able to apply for up to $3,000 worth of advice and planning support, and then receive up to $4,000 to implement that advice. This will no longer require a matching contribution and will be delivered through the established Regional Business Partner Network.

There will also be funding available for businesses to apply for mental health support for their employees.

We are here to help

If, like so many businesses you have been adversely affected, talk to us about how we can help. As your accountant, we’ll review your financial position, assist with cashflow planning, advise you on which schemes you’re eligible for, and will help you to produce the relevant financial information that’s needed when making a loan or grant application.

Phone us on 04 477 1801 or email hello@laurenson.co.nz

Call us on 04 4771801 or contact us today