PKF Francis Aickin Ltd

Publications

Home Publications Special Interest COVID19 - Accessing Government Assistance

Accessing Government Assistance


2020-03-23

Wages Subsidy

Purpose

To help keep staff employed while you consider changes that may be needed while disruption continues and to ensure future viability of your business.

Requirements:

  • Applies to employers, contractor, sole trader and self-employed. (Shareholder-employees covered as employees.)
  • Business must have experienced at least a 30% decline in actual or predicted revenue over period of 1 month when compared with same month last year AND decline is related to COVID-19.
  • Must take active steps to mitigate the impact of COVID-19.
  • Must retain employees and pay them at least 80% of their normal income for subsidised period.

How much;

  • $585.80 for people 20hrs per week or more
  • $350.00 for people working less than 20
  • Not subject to GST (legislation being passed to this effect)
  • Subsidy paid as a lump sum and covers 12 weeks per employee.
  • This is a once only payment.

How to apply:

Should you require assistance, please contact Dale dale.adamson@pkffa.co.nz or phone 027 4089366.