Phone: 021 053 4921

COVID19 - Business Support Currently Available

Last updated: 8 August 2022

Available Now:

  • Small Business Cash Flow Scheme (Loan) - available to apply from your MyIR login.  Applications are open until 23 December 2023.
  • Leave Support Scheme
  • Short-Term Absence Payment
  • Xero Assistance Programme (XAP)

Coming Soon:

  • Nothing further at the moment

Scroll down for more information on the below Government Support options available:

  • Small Business Cash Flow Scheme (Loan)
  • Leave Support Scheme
  • Short-Term Absence Payment
  • Xero Assistance Programme (XAP)

Small Business Cash Flow Scheme (LOAN)

This has been around since the previous lockdowns, and you may have received already. If not, you have until 31 December 2023 to apply.  Also, if you have received already, but repaid the loan fully,  you may be able to re-borrow one more time.

Who can get it?

Key eligibility requirements your business must meet to be able to apply:

Have 50 or fewer full-time equivalent employees (FTEs)

Been in business for 6 months

Experience at least a 30 percent decline in actual revenue over a 14-day period in the 6 months before applying

See more about eligibility here: https://www.ird.govt.nz/covid-19/business-and-organisations/sbcs/eligibility

What can you get?

The maximum size of the loan your business or organisation is eligible for depends on the number of full-time equivalent employees (FTEs) employed. The loan amount is currently $10,000 per firm, plus $1,800 per FTE. A further $10,000 top-up will be available to apply for from 21 March 2022.

To find out the number of FTEs employed by your business or organisation, you'll need to know how many full-time and part-time employees you have.

An employee working 20 hours or more per week is considered full-time, and counts as 1 FTE.

An employee working up to 20 hours per week is considered part-time, and counts as 0.6 FTEs.

The sum of your FTEs is rounded up to the nearest whole number and is measured at the time you apply.

How to apply:

You need to apply through the Inland Revenue Department (IRD) via your MyIR Login.

The COVID-19 Leave Support Scheme

The COVID-19 Leave Support Scheme is available for employers, including self-employed people, to help pay their employees who need to self-isolate and can't work from home.

This means your employees:
  • can't come into work because they are in one of the affected groups and have been told to self-isolate, and 
  • can't work from home.

The COVID-19 Leave Support scheme is paid at the rate of $600 a week for each full-time worker and $359 a week for part-time employees retained.

For more information see the following link: https://www.workandincome.govt...

COVID-19 Short-Term Absence Payment

The COVID-19 Short-Term Absence Payment is available for businesses, including self-employed people, to help pay their employees who cannot work from home while they wait for a COVID-19 test result.

The Short-Term Absence Payment is available from 9 February 2021. It’s to help businesses keep paying eligible employees who:

  • cannot work from home, and
  • need to miss work to stay home while waiting for a COVID-19 test result (in line with public health guidance).

There’s a one-off payment of $359 for each eligible worker. You can only apply for it once, for each eligible employee, in any 30-day period (unless a health official or doctor tells the employee to get another test).

It’s also available to self-employed people.  

For more information see the following link: https://www.workandincome.govt...

Xero Assistance Programme (XAP)

XAP gives Xero small businesses free, confidential access to face-to-face, telephone, live chat, and online counselling.

Who can get it?

Xero subscribers, their employees, and families are eligible.

What can you get?

Three free confidential counselling sessions. Choose from face-to-face, telephone, live chat and online counselling. 

How to apply:

The following link has instructions on how to apply:

https://central.xero.com/s/art...