Auckland

Alert Level 3 Extension for Auckland

Prime 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

Resurgence Wage Subsidy Scheme

New 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.

budget

NZ Winter 2020 update

Many 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?

coronavirus COVID-19

NZ Alert Levels and Wage Subsidy Extension

New 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.

agriculture

New Zealand Budget 2020

As expected, the 2020 Budget has been a high spending one with a deficit forecasted to be $29.6 billion in 2021. We break down the expenditure and key initiatives.

cash flow

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

Last 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.

coronavirus COVID-19

NZ Inland Revenue temporary closure

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

coronavirus COVID-19

NZ Wage Subsidy New Obligations from 27 March 2020

At 4pm Friday 27 March 2020, modifications to the wage subsidy scheme were announced by the government.

coronavirus COVID-19

NZ Wage Subsidy Q&A Changes - Update

The Government announced further modifications to the Wage Subsidy Scheme this afternoon.

contractors

NZ Wage Subsidy Q&A

We answer common questions about the NZ Wage Subsidy for employers.

business owners

COVID-19 employer support

The 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.

assets

Special Tax Alert - Coronavirus COVID19

The 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.