Time Is Running Out to Apply for COVID Resurgence Support Payments & Wage Subsidy #7
Whether you’re self-employed / a sole-trader, a small business, or have employees - there is a range of financial support available from the Government for people whose work has been affected by COVID-19 – but time is running out to apply for some programmes.
Applications for the first, second, and third Resurgence Support Payments will close next Wednesday 1 December.
Applications for the current round of the Wage Subsidy closes at the end of this Thursday 25 November.
The Wage Subsidy scheme is available if you have suffered a 40% drop in revenue because of COVID-19, and the Resurgence Support Payment is available if you can show a 30% drop in revenue as a result of COVID-19.
Both of these support programmes are available to self-employed people, sole traders, small businesses and companies with employees.
An overview document about the Wage Subsidy scheme and the Resurgence Support Payment is available as a PDF download here.
This overview includes a link to a short video showing the process of applying for the Business Resurgence Payment by Bruce Earl at Accountants Wellington, and information about how to apply for a NZ Business Number (NZBN) – which is a free process, and generally very quick.
Alongside details about the Wage Subsidy and Resurgence Support Payments, in the document there are also links to information about the Small Business Cash Flow Loan Scheme (which provides small business interest free government loans), the Short Term Absence Payment & Leave Support Scheme for people who are waiting for the results of a COVID test or self-isolating, and more.
For more information about the Wage Subsidy Scheme, a FAQ is available here.
For more information about the Resurgence Support Payments, a FAQ is available here.
Huge thanks to Entertainment Accounting for their help in preparing these resources.
Please note: These documents have been compiled by music industry bodies to provide guidance for those working in the music community. It is based on general information provided by Work and Income and the IRD, along with accounting advice, and is subject to change if the information provided by the government changes.
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