Xero Price Update & Omicron Business Support

New financial support for businesses affected by Omicron

Businesses struggling with revenue during the Omicron outbreak can apply for new targeted funding, as announced by the government on Monday 21st February.

Applications for the first payment open on February 28, with payments starting from March 1.

There will be 3 payments in total, available on a fortnightly basis. The new scheme is based on the understanding that the Omicron outbreak will pass over about 6 weeks. This scheme may be extended.

Each COVID Support Payment will be $4000 per business plus $400 per full-time employee, capped at 50 FTEs or $24,000. This is the same rate as the most recent Transition Payment.

To get the first payment you will need to show income is 40% lower in a 7-day period anytime from February 16th, compares to a typical week between 5 January 2022 and 15 February 2022.

To see the IRD fact sheet about Financial Support during Omicron click here.

If you have any questions talk to us about your business.

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Xero Price Update

From the 16th March 2022 Xero are increasing their partner only cashbook plans. This will reflect on your monthly Xero Subscription invoice from the 10th April 2022.

  • Non-GST Cashbook plans are increasing by $1 
  • GST Cashbook plans are increasing by $2

We encourage you to sign up to our Direct Debit facility, GoCardless to ensure the correct amount is paid. To sign up please click on the "View and pay online now" link on your next invoice or contact Emma on emma@mccoyandco.co.nz, otherwise please ensure your Automatic Payments are updated.

All prices are in NZD and excludes GST
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