We hope you are all doing week – particularly for those of us in Auckland! There has been a number of forms of support for business and employees in place over the last year. Here are some that are applicable to small business. Financial support for business: this contains links to the Covid-19 short term […]
Tax rate change
Tax rate change Shortly, there will be a new top tax rate added for individuals. If you earn over $180,000 or have a company with significant retained earnings, this will likely affect you. Watch this to find out a little more about how it works, and get in contact if you want to discuss your […]
What did we learn?
It’s still only been a few short weeks since the Nation moved to level 1. And while in many respects, much of life is returning to some sense of normality, there are lasting effects that will be with us for some time. Not least of which is an economic hangover that we are so far, […]
On the Ropes? How to fight Back – Dave Saunders talks to Auto Channel
Our very own Dave Saunders chats to Auto Channel from the point of view of a workshop or small-to-medium automotive business. You can check out the full issue of Auto Channel here Businesses shut during lockdown are under a strain they were never designed to withstand. Auto Channel contacted business consultant Aro Advisers to […]
Small Business Cashflow Loan
Got 50 staff or less? Government loan deal There has been a lot of criticism of the government backed loan scheme that was announced last month. Particularly, many small and mid-sized businesses have found them difficult to access. The government has responded by opening another avenue for businesses to borrow. Directly off the government. Here’s […]
A bit on tax…
This is a busy time of year for paying tax, there is provisional and terminal income tax, maybe FBT as well as the usual suspects of PAYE and GST. All at a time when for many businesses, cash has stopped rolling in. On the first of April, IRD sent out a nice sounding media release […]
Government Business Finance Guarantee Scheme (Covid-19)
The major banks have worked through the details of implementing the Government Business Finance Guarantee Scheme. So far, we have only been able to see comprehensive details from 2 of the banks (the others are yet to publish them online), but we suspect they will all be fairly similar. From the government’s perspective, the purpose of these […]
Links to Helpful Covid-19 Info
We are going to be in this state of ‘shutdown’ for at least 3 more weeks, possibly longer. As the dust is starting to settle, here are some sources of information and resources well worth looking at: The wage subsidy: there are still a number of businesses that haven’t applied for the wage subsidy. If […]
Watch: Employers’ Obligations during Covid-19
Covid-19 and Employment Relations: Q&A with Max Whitehead 30 March 2020 Many of us have already started fielding some difficult questions from clients regarding their employment responsibilities. Watch our own Dave Saunders chat with Max Whitehead, principal of The Whitehead Group: Specialists in employment law and employment relations, about employers’ responsibilities during these unprecedented times. […]
COVID-19 – help with application form
The government have announced some wage subsidies to help businesses affected by COVID-19. For full details on whether you qualify,click here. Which form is right for you? Do you work for yourself and not employ other people? Go with the self employed one. Do you run a business that employs other people? Use the employer one. Click here to […]