One off Transition Payment
There will be a one-off Transition Payment to acknowledge the restrictions businesses have faced due to the higher Alert Levels in Auckland, Waikato, and Northland. The payment operates in the same way as the Resurgence Support Payments with the same criteria. Businesses and organisations with reduced income between 3 October and 9 November 2021 may be eligible. Applications open in myIR on 10 December 2021, and the final day to apply is 13 January 2022.
Resurgence Support Payments
There are three Resurgence Support Payments currently still open for application – the final day to apply is 13 January 2022. In each case a business or organisation must show a reduction in income in a consecutive seven-day period within the “affected revenue period”. The income during this seven-days must be at least 30% lower than a normal seven-days of income during the six weeks prior to 17 August 2021. You can apply through myIR at www.ird.govt.nz . We understand that there are no more Resurgence Support Payments planned.
Round eight of the Wage Subsidy is still open for applications at www.workandincome.govt.nz. The last day to apply is 9 December 2021. There are no more Wage Subsidy rounds planned.
Short Term Absence Payment and Leave Support Scheme
The Short-Term Absence Payment and Leave Support Scheme remain available to help pay employees who are required to stay home to await test results or are required to self-isolate, where those employees are unable to work from home. Applications can be made at www.workandincome.govt.nz. The Leave Support Scheme will change to be a weekly payment.
Small-Business Cashflow (Loan) Scheme
Applications for the Small-Business Cashflow (Loan) Scheme remain open until 31 December 2023.
Help with paying taxes
November GST payments and the second provisional tax payment for many tax payers are both due by 15 January 2022. If you can’t pay your tax on time or in full because of Covid-19 please contact Q2 Ltd or IRD direct through myIR as you may be able to set up an instalment arrangement. So long as you keep to the terms of that arrangement you won’t have to pay any penalties or interest.