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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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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.
 

NZ Inland Revenue temporary closure

Written by Vanessa Williams on April 9th, 2020.      0 comments

IRD iconNZ IRD will temporarily close most of their customer-facing systems while they implement the next round of transformation changes.
 

Business Finance Guarantee Scheme

Written by Vanessa Williams on April 8th, 2020.      0 comments

Graphic for a website page- CoronavirusThe $1 billion BFGS scheme is available to all eligible New Zealand-based businesses with an annual turnover of $250,000 to $80 million that have been impacted by COVID-19.
 

NZ Wage Subsidy New Obligations from 27 March 2020

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

Graphic for a website page- CoronavirusAt 4pm Friday 27 March 2020, modifications to the wage subsidy scheme were announced by the government.
 

NZ Wage Subsidy Q&A Changes - Update

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

Graphic for a website page- CoronavirusThe Government announced further modifications to the Wage Subsidy Scheme this afternoon.
 

NZ Wage Subsidy Q&A

Written by Vanessa Williams on March 26th, 2020.      0 comments

Graphic for a website page- CoronavirusWe answer common questions about the NZ Wage Subsidy for employers.
 

COVID-19 alert level 4 NZ lockdown

Written by Vanessa Williams on March 23rd, 2020.      0 comments

Graphic for a website page- CoronavirusFrom midnight Wednesday 25 March 2020, New Zealand goes into full lockdown. From tomorrow 24 March 2020, the Alliotts team will be operating from home offices but we will still be available to assist with all your accounting, tax and business needs.

 

COVID-19 employer support

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

Graphic for a website page- CoronavirusThe NZ Government has compiled Wage subsidy and Leave Payment available to support employers affected by COVID-19. The subsidy is being administered under a high trust model and employers will not be asked for verification before the subsidy is approved. However MSD will have the ability to check applications and verify information at a later date.
 

Special Tax Alert - Coronavirus COVID19

Written by Vanessa Williams on March 17th, 2020.      0 comments

Graphic for a website page- CoronavirusThe New Zealand Government has announced a $12.1billion business continuity package aimed at assisting businesses through the COVID-19 situation. The largest element of the package is the delivery of $5.1billion in wage subsidies to businesses and the delivery of support for workers needing to self-isolate, delivered through the Ministry of Social Development.