Fortnightly Resurgence Payments

As announced on the IRD website here.

 

The Minister of Finance has announced the Government will increase the amount and frequency of the Resurgence Support Payment. You can find more information in his press release on the Beehive website.

beehive.govt.nz - Business boost to transition to new COVID framework

The next payment, which is available from 29 October through myIR, will remain at the current rate of $1,500 plus $400 per full-time equivalent (FTE) employee, up to a maximum of 50 FTE.

Subsequent payments will be for $3,000 plus $800 per FTE, still up to a maximum of 50 FTE.

The frequency of the payments will also change. They will be available fortnightly, on 12 November, until Auckland  moves into the new Covid Protection Framework.

covid-19.govt.nz - The COVID-19 Protection Framework

The Minister has indicated that a new framework for business support will be agreed in November.

 

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As a farmer, Christine understands our business and how farmers and growers operate.

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The team at Rural Accountants pretty much manage all our administrative tasks for the group including payroll and tax planning, ensuring we don’t pay any more than necessary. They are at the forefront of technology and have helped us get up and running with Xero and Figured which is much more efficient than the way we used to work.

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Christine is very knowledgeable, great to deal with and knows our business well. She is also a sheep & beef farmer so knows the industry really well and understands our needs.

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I used to work out my GST and process it manually which would take me at least a full day every two months. Angelina then set up reconcilliations rules and other quick tools, and showed me how to do all my reconcilliations and process my GST returns through Xero which now takes me no time at all!

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