LETS GET DOWN TO BUSINESS.
Question :
HiI am a 71 year old very healthy woman who left full time work at 70 in feb 2019.I then spent 7500 on a course which enabled me to start my clinical hypnotherapy and life coaching business at the end of that year. I set up my office at home and had started building clientele. And earning money. I have no other income apart from pension quick only provides enough to pay my rent $660 fortnightly. My savings will run out soon as my bus is at a standstill. Am i entitled to a covid payment at all.
Share
-
Hi there – firstly, I love that you reinvented your career at 70. You are a wonderful role model. Sole traders are entitled to apply for the wage subsidy, as long as you can show that your business income has been affected by 30% or more, along with the other criteria. This website covers everything you need to know. If in doubt, apply and see what they say! https://workandincome.govt.nz/products/a-z-benefits/covid19-wage-subsidy.html Best wishes to you. Fiona
Here’s the specific link to the self-employed application:
https://services.workandincome.govt.nz/ess/trader_applications/newAgree with Fiona above and suggest that you apply for the wage subsidy. If you are self employed with no staff, the subsidy will form part of your taxable income at year end in your income tax return, your IR3 but you won’t have to account for GST on it if you are registered for GST.
- You must be logged in to reply to this topic.