The Business Advisory Blog

The Business Advisory 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.

Vanessa Williams
Published on

Winter 2020 message from Greg and Vanessa

We hope that you’re well and starting to develop strategies for your business to emerge from the COVID-19 coronavirus lockdowns reinvigorated!

success failure sign-403As expected, the 2020 Budget has been a high spending one with a deficit forecasted to be $29.6 billion in 2021. Unemployment is projected to increase significantly, peaking at 9.8 per cent in the September 2020 quarter before recovering thereafter.

New Zealand's real GDP growth rate is projected to decline from 2.8 per cent in the year ending June 2019 to -4.6 per cent in the year ending June 2020. Annual real GDP growth is not forecast to become positive until the year ending June 2022. Read our Budget summary here.

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?

Have you given serious consideration to: 

  • Budgets and forecasts for this financial year
  • Any additional bank funding required and assistance with loans 
  • Government subsidies

Our team can help you put pen to paper or work in a Virtual CFO role - it's up to you. Timing-wise, the next few months offer the opportunity to work on your business as we all know how long the planning and application process can be. 

We're very pleased to be back working in our Newmarket offices. We are committed to providing a safe, clean and healthy workplace and we are happy to have client meetings in person or via Zoom, so let us know if you have any queries about the topics we've covered.

Topics: budget coronavirus COVID-19 employment Forecasts funding GDP loans wage subsidy