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 that they are activating the COVID-19 Resurgence Support Payment (RSP) to support businesses impacted by the lockdown. We take a look at it in more detail.
The government has announced the new COVID-19 Short-Term Absence Payment which is available immediately.
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 – Tax Loss Scheme The government has announced details on the changes to tax losses as part of a suite of measures to assist with the economic downturn caused by the COVID-19 lockdown. The scheme will allow entities to offset a loss in a particular tax year against a profit in a previous year. …
Coronavirus – Companies Act changes The government has announced today that they will introduce legislation to temporarily change the Companies Act. The key changes will safeguard directors at this time and allow businesses to “hibernate” any debt. This announcement follows similar moves in Australia and the United Kingdom. Directors’ responsibilities Under existing law, director’s may …
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 …
Coronavirus – IRD Tax Payments Inland Revenue have issued advice on tax payments during the Coronavirus pandemic. With New Zealanders locked down in their homes, and many businesses at a standstill, the department acknowledges that making timely tax payments will be a challenge. Some businesses will be financially distressed at this time. We know from …
We pride ourselves on our commitment to our clients through thick and thin. With the Covid-19 pandemic rapidly impacting business, we thought it was important to update our clients on developments along with useful tools. The government has already signalled that there may be additional stimulus in the coming months and we’ll continue to update …
Covid-19 – Essentials for Business We pride ourselves on our commitment to our clients through thick and thin. With the Covid-19 pandemic rapidly impacting business, we thought it was important to update our clients on developments along with useful tools. The government has already signalled that there may be additional stimulus in the coming months …
