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?

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.

Xero 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’. 

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.

Employers 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.

Clarification from NZ Inland Revenue on an article that was published by the NZ Herald this month.

Survival 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.

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.

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.

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.

Recent 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.  

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.

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.

Today 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.

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

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.

Business 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. 

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

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