With the Government’s announcement in mid-March of the COVID-19 wage subsidy, and the subsequent nationwide lock-down, some of our clients have been contacting us for clarification.
While we cannot advise on employment-related matters, we can assist our clients with practical information and tips on how to manage your obligations if you receive the Subsidy.
For our self-employed and employer clients, who use Xero’s accounting software, Xero has a support page ‘Account for COVID-19 government support in Xero.’ As the name suggests, it details how to account, in Xero, for the Subsidy offered by the Ministry of Social Development (MSD). It is also home to Xero’s regular updates as the COVID-19 situation evolves. Bookmark this page!
If you haven’t already, check your eligibility for the Subsidy on MSD’s COVID-19 wage subsidy page. It is important that you consider all of your obligations when applying for the Subsidy.
For our existing clients, if you have any questions about the Subsidy, please get in touch with us here at Bizworx.