The wage/leave subsidy schemes support employers and their staff who are financially impacted by COVID-19 to maintain an employment and ensure an income for employees.
However, as NZ moves out of restrictions and back to a level of normality, it may be that some businesses were not as badly affected as initially imagined.
You might be contacted by IRD to ensure that your employees were paid properly over any lockdowns and that their PAYE was correctly calculated.
You may even be audited by Work and Income to ensure that you were entitled to the subsidy.
Your issue may simply be that you were affected badly by any shutdowns and whilst entitled to the subsidies, you were unable to pay any tax during this time.
Regardless of how you have been affected, David Weaver and team can assist.
We negotiate any tax owed to IRD or support and advise you through any Covid-related – or economy-related problems you may be facing should IRD decide to take you to court.
Contact us today to see how we can help you get back on track.