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.
Written by Vanessa Williams on November 16th, 2020.
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This month the Government announced changes to the Small Business Cashflow (loan) Scheme. Our article provides you with information on these changes.
Written by Vanessa Williams on November 2nd, 2020.
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Now we are back in the office (hopefully for the long term) and it’s just months away from Christmas. What a year it’s been!
Written by Vanessa Williams on August 31st, 2020.
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Confirmation that Auckland has dropped back to COVID-19 Alert Level 2 with the rest of New Zealand.
Written by Vanessa Williams on August 27th, 2020.
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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.
Written by Greg Millar on August 26th, 2020.
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Small 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.
Written by Vanessa Williams on August 19th, 2020.
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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.
Written by Vanessa Williams on July 7th, 2020.
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The NZ Government has announced a further extension for the Small Business Cashflow (loan) Scheme (SBC).
Written by Xero on July 2nd, 2020.
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COVID-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.
Written by Greg Millar on June 22nd, 2020.
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The price increase to Xero Starter, Standard and Premium plans that was going to happen on 1 July 2020 is now delayed until further notice.
Written by Greg Millar on June 9th, 2020.
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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.
Written by Vanessa Williams on May 15th, 2020.
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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.
Written by Vanessa Williams on May 12th, 2020.
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NZ 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.
Written by Vanessa Williams on April 20th, 2020.
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The 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.
Written by Greg Millar on April 16th, 2020.
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As 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.
Written by Vanessa Williams on April 8th, 2020.
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The $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.
Written by Vanessa Williams on March 31st, 2020.
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At 4pm Friday 27 March 2020, modifications to the wage subsidy scheme were announced by the government.
Written by Greg Millar on March 27th, 2020.
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The Government announced further modifications to the Wage Subsidy Scheme this afternoon.
Written by Vanessa Williams on March 26th, 2020.
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We answer common questions about the NZ Wage Subsidy for employers.
Written by Greg Millar on March 18th, 2020.
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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.
Written by Vanessa Williams on March 17th, 2020.
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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.
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