Perriam and Partners, Chartered Accountants, Christchurch

COVID-19

LEVEL 4 LOCKDOWN – FINANCIAL SUPPORT FOR THE EMPLOYER

The Government has announced the re-opening of two schemes to assist employers through this latest lockdown period.

Applications will be accepted from Friday 20^th August, with the first payments usually available after 3 days.

WAGE SUBSIDY SCHEME (WSS) - available nationally

This can be applied for by eligible employers if they expect a loss of 40 percent of revenue, as a result of the Alert Level change. The subsidy will be paid as a two-week lump sum at the following rates:

$600.00 per week, for people working 20 hours or more per week (full-time rate)

$359.00 per week, for people working less than 20 hours or more per week (part-time rate)

RESURGENCE SUPPORT PAYMENT (RSS) - available nationally

This is payment to assist businesses or organisations with one-off costs due to an Alert Level change. Eligible businesses throughout New Zealand can apply for the RSS if they incur a loss of 30 percent of revenue, as a result of the Alert Level changes.

The RSS continues to be $1,500 plus $400 per full-time employee, up to a maximum of 50 full-time employees.

The MSD website has now been updated with the revenue decline criteria, in order to qualify for the August 2021 wage subsidy. Applications can be made by clicking here.

Please click here for information from Work & Income that covers the latest elements of the Government's announcement regarding the wage subsidy package.

We acknowledge that this will be a difficult time for many individuals and businesses.

Should you have any questions or queries on the information, then please do not hesitate to contact one of our staff members.

Please click here for flyers on COVID-19.

AML/CFT Act Information

Have a listen to our team song ...

THE PACESETTER... 29 NOVEMBER 2021

OPINION

Was Black Friday all it was made out to be? Did you get the special you were after?

OF INTEREST

The most productive working day of the week is apparently Tuesday.

TOPICAL

Who will it be? Luxton, Bridges, or someone else currently flying under the radar.

SPOTLIGHT

It has been a long time coming but finally it appears as if New Zealand is going to re-join the rest of the world and open up our borders.

GEM OF THE WEEK

Don't be afraid! If you dread returning a call from an unhappy customer, remember this; you are being given a second chance. The customer is letting you know something is wrong and giving you a chance to fix it. It is when they don't call that you need to be worried.

MARKET TALK

The New Zealand Sharemarket had its biggest fall in eight months last week after being spooked by the new Covid variant out of South Africa. Monday's opening of our Sharemarket is also expected to be volatile.