COVID-19

COVID-19 Wage Subsidy March 2021 Financial support for businesses affected by the rise in alert levels on 28 February 2021.

The Wage Subsidy March 2021 is a payment to support employers and self-employed people, so they can continue to pay employees and protect jobs for businesses affected by the rise in alert levels on 28 February 2021. To qualify, the business needs to experience or expect a 40% decline in revenue over a consecutive 14-day […]

COVID-19 Short-Term Absence Payment

Ministry of Social Development (MSD) last week announced a new support payment for employers with employees required to self-isolate. This $350 is paid on top of any wage payments.  If you have any queries regarding this payment and how it may affect your business please get in touch with our office. IRD – Short-Term Absence […]

Covid-19 Update – August 2020

More funding for SMEs

More support is rolling out for small and medium enterprises (SMEs) from the COVID Response and Recovery Fund, to help them adapt and innovate to deal with the impact of the virus. Read more: https://www.beehive.govt.nz/release/more-support-rolls-out-smes  

COVID-19 SUBSIDY UPDATE – JUNE 2020

COVID-19 WAGE SUBSIDY EXTENSION A Wage Subsidy Extension payment will be available to support employers, including sole traders, who are still significantly impacted by COVID-19 after the Wage Subsidy ends. The Wage Subsidy Extension will be available from 10 June 2020 until 1 September 2020 so employers can keep paying their employees. Applications open at […]

COVID -19 Small Business Cash Flow Loan (SBCS)

The Small Business Cashflow (Loan) Scheme (SBCS) has been introduced to support businesses and organisations struggling because of loss of actual or predicted revenue as a result of COVID-19.  Businesses must have 50 or fewer full-time-equivalent employees to qualify. Applications are now open and are open until 12 June 2020.  There are a number of […]

The Government announced last week further assistance for businesses impacted by COVID-19

The legislation was passed to bring into law the tax changes announced in mid-April as well as the Small Business cashflow loan scheme. Small Business cashflow Loan scheme The key features of the loan scheme are as follows: A loan of up to $100,000 to firms employing 50 or fewer full-time equivalent employees.  The loan […]

COVID-19 New relief measures for small and medium businesses

The Government has announced new relief measures to boost confidence and help small and medium-sized businesses get through the COVID-19 crisis. The package includes: a tax loss carry-back scheme changes to the tax loss continuity rules greater flexibility for taxpayers in respect of statutory tax deadlines measures to support commercial tenants and landlords, and further […]

Insolvency relief for businesses impacted by COVID-19

The Government will be introducing legislation to make changes to the Companies Act to help businesses facing insolvency due to COVID-19 to remain viable, with the aim of keeping New Zealanders in jobs. For further information: https://www.companiesoffice.govt.nz/news-and-notices/insolvency-relief-for-businesses-impacted-by-covid-19/

Is your business struggling with the impact of Covid-19?

As your accountant we are here to help you get through this. We are an approved service provider through Northland Inc’s Regional Business Partner which means our clients are able to apply for a grant of up to $2,000  for us to assist your business with getting through this. We are able to help with: […]