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COVID relief roundup

Published: 14th September 2020

Author: Rebecca Nilsen, Cruickshank Pryde

Published in: Commercial eSpeaking

How many schemes are you eligible under?
Since the pandemic arrived on our shores, the government has made available multiple types of financial relief; more than one may be available to your business. Although applications under the popular Wage Subsidy Scheme ended on 1 September 2020, other options are still available for support if you need it.

Apprentice Support Programme
If your business has an apprentice who is actually training, you may be eligible to receive $1,000/month for first year apprentices and $500/month for second year apprentices. This payment is for a maximum of 20 months from August 2020 to March 2022. Visit here at Work and Income Te Hiranga Tangata to apply.

COVID-19 Leave Support Scheme
What used to be called the Essential Workers Leave Support scheme has been renamed the COVID-19 Leave Support Scheme as it is now available to all eligible employers, not just essential businesses. An eligible employer with an employee who cannot work from home and is required to self-isolate due to COVID restrictions can, with the consent of their employee, apply for $585 per week for four weeks ($350/week for part-time employees). See here for more information.

COVID-19 Small Business Cashflow (Loan) Scheme
The Small Business Cashflow (Loan) Scheme (SBCS) is designed to help businesses through a low income period caused by COVID that, based on projections, will recover relatively quickly.

Eligible businesses include the self-employed as well as any small business with up to 50 employees that can directly attribute the need for the loan to COVID. Those eligible business may apply for up to $10,000 plus an additional $1,800 for each full time employee (or equivalent) who they employ.

The loan is interest free if it is repaid in full within one year; if not, an interest rate of 3% per annum applies. No repayments are required for the first two years, but the full amount must be repaid within five years of receipt of the loan.

Much like any other lender, the government must be satisfied that your business will remain viable and be able to service the loan over the next five years. To apply, or for more information, visit Inland Revenue here.

Temporary loss carry-back scheme
Many businesses will be familiar with carrying business losses forward to offset the tax payable on the following (hopefully) profitable year.

The temporary loss carry-back scheme allows the exact opposite to occur; a business can use its business losses experienced (or projected) during the 2019–2020 or 2020–2021 tax year against the prior year’s profits which will reduce the tax payable on profits already made. This adjustment is made through a provisional tax arrangement with Inland Revenue.

All businesses are eligible and consultation with your accountant is recommended to ensure this is appropriate for you. Apply via the ‘I want to’ link on your myIR.

Tenancy issues
For many New Zealand businesses, particularly bricks and mortar retailers, rent obligations under a lease are substantial. The government has provided interim relief by increasing the length of notice landlords must give before they may end a lease for non-payment of rent.

The notice period was 10 working days, but has been increased to 30 working days. This interim relief applies to rent arrears from 1 April 2020.

In addition, many tenants have received some form of rent relief from their landlord for the time they were unable to access their premises during the Level 4 lockdown. Any tenants and landlords who have been unable to reach an agreement will be able to register for subsidised mediation through the New Zealand Dispute Resolution Centre (NZDR).

Exact details on the subsidised service are yet to be released, but tenants and landlords may pre-register on the NZDR’s website here.

The government intends the service to go live by the beginning of October 2020 and be available for six months until the end of March 2021.

Keep up-to-date with COVID relief
The relief available for businesses is an ever-changing landscape as the government attempts to provide relief where it will be felt most. Checking in regularly with the government support website here will help you keep up-to-date.

If you need any help with understanding your relief options or eligibility, please don’t hesitate to contact us at Cruickshank Pryde.

Related Articles

  • Auckland
  • Bay of Plenty
  • Canterbury
  • Coromandel
  • Gisborne
  • Hawke's Bay
  • Kapiti Coast
  • Manawatu - Wanganui
  • Marlborough
  • Nelson
  • Northland
  • Otago
  • Southland
  • Taranaki
  • Waikato
  • Wairarapa
  • Wellington
  • West Coast

Price Baker Berridge

Price Baker Berridge is a boutique law firm specialising in Unit Titles and Body Corporate law. Our wealth of experience includes Leaky Building Litigation and Resolution, Meetings, Levies, Rules and Redevelopments.

We also provide a full range of general legal services, including Property, Commercial, Trusts, Litigation and Employment Law.

Our clients, from individuals to large corporates, value our commitment to providing cost-effective advice and solutions.

Region: Auckland

Phone: 09 836 1079

Sandford & Partners Lawyers

We are a medium sized Rotorua law firm practicing in areas of business and property law, public law and personal legal services.

We are professionals who listen, who seek to understand your needs, and give practical and usable advice. We thrive on the challenge of providing excellent legal work and aim to give you the highest level of service. For us, working for you means dealing with the little details as well as the big picture.

Region: Bay of Plenty

Phone: 07 348 6039

RSM Law

RSM Law is considered one of the most client focused law firms in South Canterbury. Established in 1883, the firm has played an integral part in the growth and development of South Canterbury, and beyond.

RSM Law's expertise covers all areas of the law, with particular emphasis on business law (including company law, small business and compliance); property law (rural and commercial property, and home buying and selling); litigation; resource management issues,(Carbon Accounting and Emissions Trading) estate planning, wills and trusts; infrastructure and syndication; and personal legal services.

Region: Canterbury

Phone: 03 687 9777

Purnell Lawyers

There is nothing as inevitable as change. Since opening for business early last century, we at Purnell Lawyers have seen many changes both in name and in the people who have made up the members of our team. We have been privileged to have served the public throughout all of these times. 

We are confident that we will continue to bring top quality legal services to our clients well into the future.

Region: Coromandel

Phone: 07 868 8680

Woodward Chrisp

At Woodward Chrisp we strive to meet the needs of our clients by providing a wide range of high quality legal services within a supportive and collaborative environment.

Woodward Chrisp is the amalgamation of two long established Gisborne legal firms: Woodward Iles & Co and Chrisp and Chrisp. 

Region: Gisborne

Phone: 06 869 0900

Gifford Devine

For all life’s matters, the team at Gifford Devine have your back. Since 1896, our lawyers have been providing straight-talking, practical advice and advocacy to people, families and businesses in Hawke’s Bay.

As your legal champions, we’ll serve you as a trusted adviser, listen to your needs, offer plain English advice, and find a solution to get you the best possible outcome.

We have the expertise to identify potential legal issues, to help you make important decisions, and to realise your goals. We’re your legal champions for all reasons and at all stages of life.

Region: Hawke's Bay

Phone: 06 873 0420

BMC Lawyers

BMC lawyers has built a reputation for providing quality service and delivering real results. Our strength is our broad-ranging legal experience that gives us the ability to match clients with the right mix of legal skills for their particular needs.

Our legal professionals are passionate about what they do and work alongside a talented team of support and administration staff to make a real positive difference to our clients.”

Region: Kapiti Coast

Phone: 04 296 1105

Horsley Christie

Horsley Christie is a successful law firm based in Whanganui which offers a diverse range of legal services to the Whanganui Region and beyond and has done for over 100 years.

When you deal with Horsley Christie you do so in the knowledge that the firm is one of many law practices nationwide who are members of NZ LAW.

Region: Manawatu - Wanganui

Phone: 06 349 0090

Wain & Naysmith

Based in Blenheim, Wain & Naysmith Lawyers is a full service law firm, and a powerhouse for property, family and business law.

We pride ourselves in providing clear and cost effective legal solutions and practical advice for you, your family and your business.

Region: Marlborough

Phone: 03 520 6103

Knapps Lawyers

As a firm, we promise to look after you and treat you in a manner that we would expect to be treated by a professional services provider; we promise to use every available legal remedy available to us to resolve your issue and to do what you ask us to do in a timely manner.

We will hold in strict confidence all information that we acquire through our work for you and which concerns your business or personal information.  The only exceptions are where you authorise us to disclose such information or where we must do so by law.

Region: Nelson

Phone: 03 544 7888

Thomson Wilson

Thomson Wilson is a full service law firm based in Whangarei. We’ve been trusted lawyers for the Northland community and beyond for 75 years.

We act for individuals and families, businesses, public sector and other organisations. Whether you need no-fuss advice on a simple matter, or a team of legal experts. 

Our staff provide advice in most areas of the law, including property law, business law, trusts and estates, separation and divorce, resource management, criminal law and more.

We also offer expertise in specialist areas such as Maori land, local government law, farming and forestry.

Region: Northland

Phone: 09 430 4380

Downie Stewart

At Downie Stewart Lawyers Dunedin we are focused solely on helping you achieve your goals. 

We have an incredibly talented team of Dunedin lawyers that will listen to you and provide you with sound legal advice, always striving for the simplest solution to any problem.

We are committed to this region and have worked with Dunedin and Otago families and businesses since 1867. 

Region: Otago

Phone: 03 477 2263

Sheddan Pritchard Law Ltd

Incorporating traditional values and a fresh perspective, Sheddan Pritchard Law is here to assist you with all your legal needs. 

Our friendly and team-driven approach underpins our firm’s values, recognising the importance of putting people first and allows us to connect and nurture professional relationships with new and existing clients within our local community of Gore, as well as throughout New Zealand and extending overseas.

Region: Southland

Phone: 03 209 0030

Connect Legal Taranaki

Two of Taranaki’s longstanding legal firms, RMY Legal and Billings Lawyers, are merging to become Connect Legal Taranaki.

Connect Legal Taranaki will support the evolving needs of our valued clients and future clients throughout the region by offering extensive legal expertise under one roof. From April this year you’ll find the new look Connect Legal Taranaki in the former RMY Legal premises on Powderham Street.

Region: Taranaki

Phone: 06 769 8080

Allen Needham & Co Ltd

Sir Stephen Allen, founder of the firm, was admitted to the bar on the 7th of December 1906 and subsequently set up practice in the building illustrated below on the present site of our offices at 52 Canada Street, Morrinsville on the 1st of January 1907.

Mr Arthur Needham was admitted to the bar on the 1st of March 1923 and Mr R. B. Morton on the 24th of November 1924. They joined Sir Stephen in partnership under the name of Allen, Needham & Morton.

The firm was subsequently called Allen, Needham, Sanford & Lang when the partners of the firm were John Needham (son of Arthur Needham, and father of Rod Needham, a present partner), Howard Sanford, Fred Lang and Graeme Ashmore.

Graeme Ashmore left the firm in 1972 and Howard Sanford retired as a partner in 1974 when Greg McDonnell became a partner with John Needham and Fred Lang.

The firm changed its name to Allen, Needham & Co. in 1986 when new partners Rod Needham and Bob Craven joined the firm. In December 2010 the firm became an incorporated company.

Region: Waikato

Phone: 07 889 5062

Gawith Burridge

Gawith Burridge traces its history back to 1875 when Charles Gawith first set up his practice. Since then the firm has undergone many changes, including a merger between Gawith & Co and Burridge & Co in 1998 to form our current practice.

Our firm draws on the breadth of expertise available from some of the region’s most senior legal practitioners, as well as the skills of those who have moved here from larger corporate environments.

As a result, we provide clients with a comprehensive range of legal services right here in the Wairarapa. We can provide you with legal assistance whether you are an individual or a company, with everything from setting up a Will to selling your farming business. 

Region: Wairarapa

Phone: 06 370 0000

Gillespie Young Watson

We specialise in Property, Commercial and Trust Law. When it comes to law firm size we are bigger than smaller and smaller than big. By limiting the work we do to our specialist areas, we like to think we bring together the best of big firm skill sets with the personal care, attention and relationships of small firms.

We expect our clients to receive clear, practical and timely advice. We place a premium on accessibility and convenience to our clients. We value and appreciate all of our clients and want to do the best possible job for each of them. When we close a file we want the client to feel they have received exceptional advice, service and value.

Region: Wellington

Phone: 04 569 3997

No firms in West Coast

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