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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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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?
 

Xero price increase delayed until further notice

Written by Greg Millar on June 22nd, 2020.      0 comments

xero-platinum-partner-badge-RGB-608The price increase to Xero Starter, Standard and Premium plans that was going to happen on 1 July 2020 is now delayed until further notice.
 

Xero small business apps for retail

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

xero-platinum-partner-badge-RGB-608Xero users have access to a range of tools to set retailers up for success as they work through COVID-19 challenges and adapt to a ‘new normal’. 
 

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.

 

Reducing staff numbers

Written by Ross Henderson on June 2nd, 2020.      0 comments

Graphic for a website page- CoronavirusEmployers and employees must discuss in good faith the implications of COVID-19 on their working arrangements. Where changes to current working arrangements are proposed by an employer, there are specific good faith requirements that must be followed. Any changes made should follow consulting with employees and their representatives, providing time to respond to proposals and considering their comments.

 

Important IRD message for Businesses

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

IRD iconClarification from NZ Inland Revenue on an article that was published by the NZ Herald this month.
Topics: employees , IRD, tax
 

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.
 

New Zealand Budget 2020

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

budget blocks copyAs 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.

 

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.
 

Using Data to Drive Decision-making to Build Business

Written by Greg Millar on April 6th, 2020.      0 comments

nimbus technology computer-security2-768Business owners often complain they lack information to make decisions, in spite of many solutions which claim to provide intelligent, customised reporting. Identifying business problems that need solutions and then the data sets which support decision-making is a better approach and we accountants can add value in this process. 
 

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.