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The Business Advisory Blog

Welcome to our blog

Insight, news and updates from Alliott NZ Chartered Accountants, Auckland New Zealand. The views expressed here are the views of the author and should be discussed in further detail should an article be relevant to your individual circumstances.

While every effort has been made to provide valuable, useful information in this publication, this firm and any related suppliers or associated companies accept no responsibility or any form of liability from reliance upon or use of its contents.  Any suggestions should be considered carefully within your own particular circumstances, as they are intended as general information only.

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COVID19 staff layoffs an expensive business

Written by Ross Henderson on September 7th, 2020.      0 comments

resilience copyEmployment law experts say this case sends a strong message to employers not to rely on the pandemic to seek to justify a failure to follow proper process.
 

Auckland Alert Level 2

Written by Vanessa Williams on August 31st, 2020.      0 comments

Graphic for a website page- CoronavirusConfirmation that Auckland has dropped back to COVID-19 Alert Level 2 with the rest of New Zealand.
 

Alert Level 3 Extension for Auckland

Written by Vanessa Williams on August 27th, 2020.      0 comments

Graphic for a website page- CoronavirusPrime Minister Jacinda Ardern announced the extension of Alert Level 3 in Auckland to 11.59pm on Sunday 30th August 2020. Auckland will then drop down to Alert Level 2. The rest of the country remains at Alert Level 2.
 

Business Finance Guarantee Scheme

Written by Greg Millar on August 26th, 2020.      0 comments

Graphic for a website page- CoronavirusSmall and medium-sized businesses may be eligible for the business finance guarantee scheme to support operating cash flow disrupted due to COVID-19. The scheme supports banks to take on lending with the government taking on the default risk of up to 80% of the loan.
 

Resurgence Wage Subsidy Scheme

Written by Vanessa Williams on August 19th, 2020.      0 comments

Graphic for a website page- CoronavirusNew Zealand employers who have had, or expect to have, a revenue drop of at least 40% because of COVID-19, for a 14 day period between 12 August to 10 September, compared to a similar period last year can get it.  Other eligibility criteria is similar to the previous wage subsidies.
 

COVID-19 Lockdown Alert Level 3

Written by Vanessa Williams on August 12th, 2020.      0 comments

Graphic for a website page- CoronavirusPlease note that the office of Alliott NZ will close from midday Wednesday 12 August 2020. As we are communicating with all our clients remotely, please ensure that you white label our email communications to make sure that all our emails get to your inbox and not your junk folder.
 

Six ways small businesses can prepare for a reduction in government support

Written by Greg Millar on August 3rd, 2020.      0 comments

resilienceThere’s no doubt that small businesses are doing it tough as a result of COVID-19. But through planning, considering the impacts of the pandemic on others throughout their demand chain, and preparation small business owners can find navigate their way to better days.
 

Business Resilience Vision and Goals

Written by Greg Millar on July 27th, 2020.      0 comments

Screenshot 2019-05-02 08Leaders of resilient businesses recognise the importance of a powerful vision statement to focus the activities of management, the broader team, customers and other stakeholders. With the vision in place, they can set short-term and long-term goals and then measure progress. But what happens after a period of upheaval in the market? There will probably be unforeseen challenges and opportunities so leaders need to react decisively. Use our guidelines in this article as you consider the best direction for your business.
 

How 3 creative Kiwi businesses handled COVID-19

Written by Xero on July 2nd, 2020.      0 comments

xero-platinum-partner-badge-RGB-608COVID-19 rocked the boat for many small businesses in New Zealand. Business owners had to work hard to stay afloat. These three awesome Kiwi businesses hustled to help their business survive the storm of COVID-19.

 

Is Your Business Model Standing the Test of COVID-19?

Written by Greg Millar on June 29th, 2020.      0 comments

Graphic for a website page- CoronavirusYour Business Model is not something you change lightly. Only fundamental shifts in your market, vision or business priorities will justify modifying how you make money. That said, a vibrant and resilient organisation is ultra-sensitive to change and responds quickly.
 

NZ Winter 2020 update

Written by Vanessa Williams on June 25th, 2020.      0 comments

remote virtual office desk-762Many of our clients have availed themselves of the opportunity of asking us to perform a wider range of duties over recent months – why not discuss with our team the broader range of services and support we offer to help you survive in your business beyond COVID-19 and during this financial year?
 

NZ Alert Levels and Wage Subsidy Extension

Written by Greg Millar on June 9th, 2020.      0 comments

Graphic for a website page- CoronavirusNew Zealand now has no active cases of COVID 19. As of midnight last night the country has moved down to Alert Level 1. This means restrictions on gatherings, hospitality, transport and social distancing have now been removed. Border restrictions however remain.

 

From COVID-19 Survival to Resilience

Written by Greg Millar on May 18th, 2020.      0 comments

Graphic for a website page- CoronavirusSurvival has been on the minds of many leaders recently. But businesses are shifting their focus to resilience. What does it take to build businesses that can survive AND thrive in the longer term? Past methods may not work as well in the ‘new’ environment. Then again, what will really change? In this article, we’ll look at some attributes of resilient businesses.
 

Alliotts Update re COVID -19 Alert Levels

Written by Vanessa Williams on May 12th, 2020.      0 comments

Graphic for a website page- CoronavirusNZ ALERT LEVEL 2 Our office will re-open with restrictions from Monday 18 May 2020. Whilst NZ is making slow but steady steps to return to ‘normal’, we are taking a leaf out of the Government's guidelines with our team returning to our own workplace. Client meetings can be held in person or via Zoom. Alliotts is adhering to the recommended guidelines to keep our workplace safe, clean and healthy during COVID-19.
 

COVID-19 Small Business Cashflow Scheme and Business Finance Guarantee Scheme

Written by Vanessa Williams on May 5th, 2020.      0 comments

Graphic for a website page- CoronavirusLast week the Government announced it will provide interest-free loans for a year to small businesses impacted by the COVID-19 to support their immediate cash flow needs and meet fixed costs.
 

Managing (and Getting Help) Through a Business Crisis

Written by Greg Millar on April 27th, 2020.      0 comments

Graphic for a website page- CoronavirusRecent global events are testing the mettle of even the most experienced leaders. What skills are necessary in this time of uncertainty? What leadership traits will help steer a business through the multitude of challenges and threats? Read on for leadership ideas which can be applied in your business.  
 

COVID-19 Alert Levels

Written by Vanessa Williams on April 20th, 2020.      0 comments

Graphic for a website page- CoronavirusThe Prime Minister announced that New Zealand will stay at Alert Level 4 till midnight Monday 27 April. The team at Alliotts are continuing to work remotely and will reassess this on 11 May.
 

COVID-19 Tax Measures and Alert Levels

Written by Greg Millar on April 16th, 2020.      0 comments

Graphic for a website page- CoronavirusAs we near the end of the initial four-week lockdown, the Government has released further Tax Measures to assist businesses including more complete information on what Alert Level 3 would mean. Yesterday the Government announced two further tax proposals - Tax Loss Carry Back Scheme and changes to the Tax Loss Continuity Rules.
 

COVID-19 Tax changes to support businesses

Written by Vanessa Williams on April 15th, 2020.      0 comments

Graphic for a website page- CoronavirusToday the Government announced a further set of tax proposals to help businesses manage the impacts of COVID-19. You can read the Government’s full announcement and fact sheets on the Beehive website or the Inland Revenue's summary here.
 

Remittance of UOMI due to COVID-19

Written by Greg Millar on April 14th, 2020.      0 comments

Graphic for a website page- CoronavirusInformation on the remittance of use of money interest (UOMI) as a result of the COVID-19 (coronavirus) pandemic, as announced by NZ Inland Revenue.