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.
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A reminder about the Government support available for business operators: the COVID-19 Resurgence Support Payment and the Wage Subsidy.
Further details are now available on the March 2021 Wage Subsidy. You'll be able to apply online from 1PM on Thursday 4 March 2021 and payments start from Monday 8 March 2021.
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.
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.