As we all head into another week of Level 4/Level 2 - here is a little reminder for all our members of what financial help is out there for your business and your artists business. This is whether you or they are self-employed, partnership, limited liability company etc
A third Wage Subsidy Scheme payment for eligible businesses has been announced and will open this Friday 17th September. This is because Auckland is remaining at Alert Level 4 (the Wage Subsidy Scheme is available to all businesses while any part of the country is in Alert Levels 3 or 4).
Businesses and self-employed people must expect a 40% drop in revenue to be eligible to receive the wage subsidy.
The wage subsidy is paid in a 2 week lump sum. You can get:
$600 per week for each full-time employee
$359 per week for each part-time employee
A second round of the Resurgence Support Payment will also open for applications on Friday 17 September 2021. The COVID-19 Resurgence Support Payment helps to cover wages and fixed costs for businesses who have been directly affected when there is an increase to Alert Level 2 or higher for a week or more.
To be eligible, your business must have experienced at least a 30% drop in revenue or a 30% decline in capital-raising ability over a 7-day period, due to an increase in Alert Levels.
You can receive $1,500 per business plus $400 per full-time employee (FTE), up to 50 FTE.
The maximum payment is $21,500.
If you're a sole trader, you can receive a payment of up to $1,900.
Businesses anywhere in New Zealand can apply if they meet the eligibility criteria.
You can apply for both the COVID-19 Resurgence Support Payment and the COVID-19 Wage Subsidy Scheme if you meet all the eligible criteria..
This lockdown is really taking its toll on our wonderful industry and also on all of our mental wellbeing. Please remember that you, your crew and your artists are all eligible to use the MusicHelps Wellbeing Service for FREE.
The Wellbeing Service offers free counselling sessions with trained counsellors available 24/7. You can contact them either on line at MusicHelps or via phone, toll free on 0508 MUSICHELPS