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 […]
Read moreThe 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 […]
Read moreThe 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 […]
Read moreThe 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/
Read moreAs 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: […]
Read moreDue to a number of uncertainties over treatment of the wage subsidy, the government have given further guidance regarding the use and treatment of wage subsidies. We have employees earning less than the subsidy – what do we do with the excess? If your employee’s usual wages are less than the subsidy, you must pay […]
Read moreWe are fielding a lot of questions from clients during this time regarding wage and leave subsidies. There are a number of questions for which there is no definite answer yet – marked as pending – as soon as we have further information we will update this & our Facebook page”. Below are some of […]
Read moreUpdate – 24 March 2020 The Ministry for Primary Industries (MPI) has set up a register for safe practice in the sector as New Zealand moves to National Alert Level Four in response to COVID-19, says Director-General Ray Smith. “Alongside Minister O’Connor I met with more than 90 sector stakeholders by conference call yesterday,’’ Mr […]
Read moreAlthough we cannot take in-person appointments with clients, and meetings must be done remotely, we believe we can still provide the service and business advice we are proud of. COVID-19 remains a critical risk for all businesses. We do not want to squander the progress we have made in our fight against the virus. Thank […]
Read moreEssential businesses, and those that support them, will continue to provide the necessities of life for everyone in New Zealand. This means food, medicine, healthcare, energy, fuel, waste-removal, internet and financial support will continue to be available. What are essential businesses? Please refer to: https://covid19.govt.nz/assets/essential-services-list.pdf This list may evolve over time and is current at […]
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