Ahh New Zealand. The land of the Long White Cloud. Stunning vistas, natural beauty and exceptionally low productivity. It’s that last part that’s a problem. According to the OECD, New Zealand’s productivity sucks. OK, they didn’t say that it sucked, but they did highlight that we have progressively slipped down the rankings from one of […]

According to a report commissioned by ANZ, cyber crime has a $3 trillion impact on the global economy.  Trillion, that’s a lot of zeros.  Given it’s such a shady area, exact stats are hard to pin down, but it’s clear, this is a BIG DEAL.  The proliferation of this online crime means that increasingly, ‘smaller […]

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 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 […]

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, […]

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 […]

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 […]

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 […]

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 […]

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 […]