Wage subsidies are no longer in the mix of COVID-19 business assistance but with omicron now gaining a foothold in New Zealand, we thought it was a good idea to remind readers that there are still some government programmes available. Both the Short-term Absence Payment and the Leave Support Scheme are still in place, along …
Remaining Government COVID-19 Assistance for business Read More »
The government has announced a new interest free loan facility for SMEs, along with some overdue changes to the existing Business Finance Guarantee Scheme. Small Business Cashflow Loan Scheme This newly announced scheme provides a loan facility for SMEs that employ 50 or fewer staff. The amount is capped at $100,000.00. These loans will be …
Coronavirus – Small Business Cashflow Loan Scheme Read More »
Coronavirus – Business Finance Guarantee Scheme The government has announced details around their Business Finance Guarantee Scheme. The intention is to assist businesses with both cashflow and operating expenses. The scheme will offer a total of $6.25 billion in loans to New Zealand businesses. The Government is guaranteeing 80% of the risk, while the banks …
IRD and Coronavirus It seems certain that the Coronavirus outbreak will have a significant impact on the economy in 2020. IRD have a number of options available for tax relief and income assistance for people affected by a downturn in business due to the Coronavirus – COVID-19. Businesses & the self employed Provisional Tax Estimates …
