NAHV Survival Kit

From March 17 on, when the cabinet announced the 1st support package, NAHV tried to fill your EHBC kit as well as possible, so that you could get through the first weeks of the lockdown as well as possible financially. The lockdown is now gradually being lifted and that is of course good news. Gradually, however, is not fast enough for many entrepreneurs. The need for financial support is still large.

The cabinet announced the 2nd support package on Wednesday 20 May. We are all now entering a new phase; from the first aid phase to the survival phase. NAHV will again help you in the survival phase. We will not leave you to your own devices.

We have exchanged the EHBC kit for the NAHV Entrepreneurs Corona Survival kit (NAHV – ECS Kit). Below we introduce tools that are included in your Corona survival kit. In the coming weeks we will further expand the Corona survival kit for you.

NOW 2.0 (for entrepreneurs with employees)

The grant period of NOW 1.0 ends on 31 May. The NOW scheme is extended by three months (period 1 June – 31 August). Employers with a turnover drop of at least 20% can apply for the subsidy so that as many employees as possible can remain employed.

The scheme will be opened on July 6 and the allowance is a maximum of 90%. The application also goes through the UWV and must be submitted no later than 31 August. From September 7, a final determination can be requested for the 1st period.

The reference month for determining the wage bill changes from January to March. The scheme is also open to employers who have already made use of the scheme for the 1st period from March – May.

The UWV will again provide an advance of 80%. Afterwards, the definitive loss of turnover is determined and it is also examined whether the wage bill has fallen in the period.

The subsidy received counts as turnover for the tax year 2020.

In case of business dismissal, the subsidy will be cut by 100% of the salary of the dismissed employee (under NOW 1.0 this was 150%)

An employer who relies on NOW 2.0 may not pay any dividends or bonuses (for the board and management) in 2020. This must be declared by the employer when applying. The scheme also applies to the director of a major shareholder. This obligation only applies to employers who receive a subsidy for which an auditor’s report is required. The cabinet will announce soon whether or not an auditor’s report is required.

An additional obligation for NOW 2.0 is that employers must encourage their employees to take additional training or retraining. For seasonal companies there will be a further subsidy period subsidy.

Crisis package “NL learns” (for freelancers, employees and flex workers)

Employees, flex workers and self-employed workers from affected sectors can make use of this scheme, which consists of development advice and online training to ensure that they can make a transition to promising (er) work.

Fixed Costs for SMEs (for all entrepreneurs from severely affected sectors)

Depending on the size of their company, the amount of their fixed costs and the extent of the decrease in their turnover, entrepreneurs receive a fixed-charge allowance up to a maximum of € 20,000 for three months.

The allowance can be applied for from a turnover decrease of 30% and applies to the sectors that were previously eligible for the TOGS scheme.

The allowance is tax-free. Applications can be submitted to the Netherlands Enterprise Agency (RVO) from mid-June 2020. The exact date will be announced. The scheme applies for the period from 1 June to 31 August 2020

Sectors that are badly affected are getting help from the government to adapt their future earnings model to the new reality

Tozo 2.0 (freelancers and director of major shareholders)

The Tozo scheme will be extended once by three months, with the ultimate payment period being 31 August 2020.

The new Tozo scheme will include a partner test. Households will check whether their income is above the social minimum. The entrepreneur will have to draw up a statement together with his partner that the household income has fallen below the social minimum due to the corona crisis.

Entrepreneurs can also take out an interest-bearing loan of € 10,157 from the municipality for working capital. Entrepreneurs who have previously applied for a loan can do so again. Entrepreneurs must declare that their company is not in suspension of payments or in bankruptcy.

Tozo 2.0 can be requested from the municipality of your place of residence.

Extension Corona bridging loan for start-ups

Start-ups can apply for a bridging loan to improve their liquidity position. Applications can be submitted through the regional development companies.

Guarantee schemes (BMKB-C and GO-C) (all entrepreneurs)

These arrangements are extended. The Small Credit Corona Scheme will soon be open to entrepreneurs as soon as the European Commission has given permission. You can apply for a loan with a government guarantee from regular financial institutions.

Deferral of tax debts (all entrepreneurs)

The cabinet is extending the period in which entrepreneurs can apply for deferment of payment for tax assessments from June 19 to September 1, 2020. Entrepreneurs receive a three-month extension of payment on request. The deferment of payment can be extended if the entrepreneur can demonstrate that the payment problems are due to the corona crisis. The entrepreneur must then declare that no dividends and bonuses will be paid. An appropriate payment arrangement will be offered at the end of the deferral period.

Tax and recovery interest (all entrepreneurs)

The tax and recovery interest was temporarily reduced from 4% to 0.01%. The period has been extended to October 1, 2020.

Other tax measures. (IB entrepreneurs and individuals)

The relaxation of the hour criterion for IB entrepreneurs and the temporary postponement of mortgage payments while retaining the mortgage interest deduction have been extended to 1 September 2020.

Pension accrual (self-employed persons and director of major shareholders)

If you accrue pension through annuity bank savings, it is possible to temporarily suspend or reduce the deposit, so that you can temporarily use the released cash for other purposes. Contact our advisors for more information.

Disability insurance (self-employed persons and director of major shareholders)

What if your income is under pressure? Then you can temporarily reduce the insured amount in consultation with the insurer. With a number of insurers you can also use the return scheme. That means you can increase again later without filling out a health certificate.
Are you unable to pay the premium (on time)? Then you can change the payment term or request a temporary postponement of payment without immediately coming to a collection process.

With a number of insurers you can choose to let the insurance lie dormant. You then pay a lower premium (often about 25% of the original premium) for this slumber cover, but of course you also have no cover. After this chosen period you can return. The disadvantage of this is that new incapacity for work that occurred during this period is not covered at the new entrance after the slumber period.

For more questions, please contact one of our advisors

Mortgages (anyone with their own home)

Mortgage rates are stabilizing and interest rates are falling slightly again with the larger providers. Significantly lowering your monthly payments by transferring your mortgage is still very interesting. House prices are still rising slightly, despite all Corona Measures. However, the supply of housing is increasing. Are you unsure whether to enter the housing market or are you unsure whether it is wise to take out your mortgage? Please contact our mortgage advisor for more information or just to spar.

Monthly costs (everyone)

List your monthly costs. Do you have subscriptions that you can cancel, do you have unnecessary insurance or is it simply time to take a critical look at the amount of an insurance premium? Discard all unnecessary financial ballast. Also take a critical look at the profit margins of your company. We are happy to help you with this.

And last but not least

We have a telephone (020-6225509) corona consultation between 10:00 – 12:00 every working day. You can also contact your regular contact person directly.
Your contact person is also aware of all ins and outs. If we are not immediately available by phone due to the pressure, you can also send an email to our general email address nahv@nahv.nl or to the email address of your direct contact. You can count on us again in the coming weeks!

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