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- Wage subsidy if I take drawings only
- Reply To: Wage subsidy if I take drawings only
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Claire Dilks
Business Owner
@claire-dilks
Reply submitted 02/09/21 @ 12:00am
::As long as you are taking some income from the business and you are working in the business you should be entitled to the wage subsidy. If you are not receiving a regular salary subject to paye from the business, or you did not return business income / shareholder salary in your last filed return you should confirm your status with IRD.
The first round of applications close tomorrow with a second application round opening on Friday. Apply tomorrow or you will miss out on the first 2 week payment (assuming you satisfy the criteria – the declaration including criteria is available at https://www.workandincome.govt.nz/online-services/covid-19/declaration-wage-subsidy.html). Hope this helps.
Claire
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