Update on the New Zealand Governments COVID-19 support – 14 September 2021

Posted in Business

Wage Subsidy – Round 3 Yesterday it was announced that there will be a third round of wage subsidy.  This will apply for revenue drops of 40% or more for the period 14 September to 27 September but only if the…

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COVID-19 Second round of Resurgence Support Payments announced – 13 September 2021

Posted in Uncategorized

Finally, the New Zealand Government has announced a second round of Resurgence Support Payments (“RSP”).   To qualify a business will need to have suffered a 30% turnover drop for a 7-day period beginning 8 September compared to a typical 7-day…

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COVID-19 Shift to Level 2 in New Zealand / Delta – 7 September 2021

Posted in Uncategorized

We welcome the shift back to something resembling normality with the country (outside of Auckland) shifting back to Level 2 at midnight tonight.  This time round Level 2 comes with a lot more restrictions including greater distancing, smaller gathering sizes…

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Wage Subsidy August 2021 #1 close off

Posted in Business

Note that applications for the first round close 11:59 pm this Thursday the 2nd of September.  A second round starts 9:00 am Friday.  A business that did not meet the turnover eligibility for the first round can apply for the…

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Alert Level 3 – Extensions to Government Assistance – August 31, 2021

Posted in Business

As you will no doubt be aware, all of the country except Auckland and Northland shifts to Level 3 at midnight tonight.  At this stage, Level 3 is pencilled in to last one week. Level 3 is still very much…

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COVID-19 – Managing wellbeing during Level 4 Lockdown

Posted in Covid-19 #covid 19 #xero

Amidst all the challenges created by COVID-19, it is more important than ever for business owners and their staff to stop and recognise the importance of wellbeing during the current Alert Level 4 Lockdown in New Zealand. COVID-19 has had…

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COVID-19 – Mandatory sign-in is coming and a reminder of Alert Levels for New Zealand

Posted in Covid-19

This time around, the Government response to this lockdown has been far more settled, well at least so far.  We are not seeing rules being introduced or changing by the hour as we did in late March and early April…

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COVID-19 Government Assistance Update – August 23, 2021

Posted in Covid-19

Since our last Blog, the Level 4 lockdown for areas outside of Auckland has been extended until the end of this week and Auckland has been extended until Tuesday next week.  The Alert Levels for areas outside of Auckland will…

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Wage Subsidy applications are now open – August 20 2021

Posted in Uncategorized

Wage Subsidy applications are now live. However, we recommend that you exercise caution before rushing out and making an application. The circumstances for this round of Wage Subsidy are very different to that of March 2020. In…

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COVID19 – Brief update, 19 August 2021

Posted in Covid-19 #covid 19

Cabinet meets tomorrow to discuss the current Alert Level settings. While we wait on an update on Alert Levels, we suggest you consider the following (where applicable/relevant):  Start planning for the possibility of Level 3 trading. If you turn your mind back…

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Covid-19 returns, not again.

Posted in Covid-19

Well… here we go again. The inevitable has finally happened and Covid has reared its ugly head. As you will surely be aware, at this stage the Auckland and Coromandel regions have shifted into a 7-day lockdown, with the rest…

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Xero Projects

Posted in Technology

Xero Projects provides users with a simple way to capture, track and report on the time and money spent on each job so that they can proactively invoice, make informed decisions and manage their business more efficiently. This simple…

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WK Strawbridge How To: Xero Files

Posted in Uncategorized

Did you know that Xero has its own filing system, Xero Files, where you can attach documents to invoices, bank transactions, contacts and even manual journals? At WK Strawbridge, we believe it’s one of Xero’s…

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WK Strawbridge is now a Xero Platinum Partner

Posted in Accounting & Advisory

WK Strawbridge Advisors and Accountants are excited to announce that we are now a Xero Platinum Partner!  Xero provides beautiful accounting software for small businesses that works anywhere you do. Xero’s online accounting software means you can automate everyday…

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How to set up Xero Multi-Factor Authentication (MFA)

Posted in Accounting & Advisory

Since the 4th of May, Xero Multi Factor Authentication (MFA) has become mandatory for Xero customers.  Multi-Factor Authentication (MFA) is an additional security process to check that it’s really you when you login to your Xero account –…

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Government implements significant property changes

Posted in Accounting & Advisory

Yesterday the Government renewed its war on residential landlords and announced some major changes in the property sector.  Obviously, the house price increases we have seen in the past couple of years are unsustainable and are having significant social impacts. …

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Staff Achievement: Triple Peaks Challenge

Posted in Staff

Last Month, WK Strawbridge Senior Advisor, Daniel Bullock, participated in the annual Triple Peaks Hawkes Bay Challenge – just in time for level two!  The event raises money to help with purchasing more native trees for the ‘Sleeping Giant’…

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Update on Covid support

Posted in Business

New round of Wage Subsidy announced The Government has announced that Wage Subsidy is making a return for Round 4. This was signalled when the recent increase to the alert levels first occurred in the weekend. Applications will be able…

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Resurgence Support Payments – Part II

Posted in Covid-19

The announcement of an increase in Covid alert levels for at least 7 days means that another round of Resurgence Support Payment (RSP) will become available next week. Claims for the past level increase (the week beginning February the 15th)…

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Resurgence Support Payments

Posted in Accounting & Advisory

After the recent Auckland Community cases, the Government introduced a new mechanism to support businesses. The new scheme known as Resurgence Support Payments (“RSP”) is activated by a decision of Cabinet. Generally, this will be anytime Level 2 or higher…

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New Zealand property price circus side-show

Posted in Business

Property prices have been the hot topic in the past few months as property prices have gone ballistic across the country.   Fundamentally, rapidly rising property prices are being driven by low supply.  However, the removal of the “loan to value”…

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Has your business adapted since Covid 19?

Posted in Accounting & Advisory

Are you focusing your time and energy on the right things at the moment? The things you CAN control, that will help your business thrive? Or are you focussing on things you can’t control, like politics, rules, regulations, outbreaks, lockdowns etc? The…

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ANZ’s Super Rugby Restart predictions competition

Posted in Community

Eleven local businesses took part in ANZ’s Super Rugby Restart predictions competition in 2020. After the original tournament became defunct following the nationwide lockdown, a new tournament was set up for Super Rugby Aotearoa and Super Rugby AU matches…

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Labour announces its tax policy for election 2020

Posted in Accounting & Advisory

Labour has announced its tax policy, and it is surprisingly conservative. Labour is proposing that if it is re-elected then it will introduce a new top rate of 39% kicking in from $180,000. On Labour’s numbers this affects only 2%…

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Business Finance Guarantee changes…some further thoughts

Posted in Business

Our blog last week has generated a lot of discussion. Something we’ve been asked is why the old scheme failed so badly, and do we think the improved scheme will perform any better. Here is our opinion on this. Why…

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Big changes to the New Zealand Business Finance Guarantee Scheme

Posted in Business

The Government-backed Business Finance Guarantee (or BFG) scheme has been an epic failure. The scheme was too restrictive and there was too much red tape. The Government set aside $6b+ for the scheme when the scheme was announced. However, to…

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Government support announced for recent COVID19 outbreak in New Zealand

Posted in Covid-19

After months of ongoing bungles at isolation centres, the inevitable occurred, and Covid-19 is back in the community and Auckland is back in Level 3 lockdown. The travel restrictions on Aucklanders are going to be particularly hard on the tourism…

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Income Equalisation Scheme

Posted in Agriculture

For most farmers, their financial year balance date has now passed for the 2020 year.  Now is a good time to take note of your livestock on hand and forward to your WK Strawbridge Advisor if you have not done so…

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How to protect your business against cyber risk

Posted in Technology

More and more New Zealand businesses are being either held to ransom or having critical systems taken offline. In this blog, we look at some measures you and your business can take to be cyber safe. Unfortunately, the majority of…

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Wage subsidy extension open for applications

Posted in Business

The Wage Subsidy Extension went live yesterday morning.  The full criteria were published at the same time.  As we saw with the original scheme, we expect that the information WINZ published will change over time. The turnover drop threshold and…

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New normal seems to be on the horizon

Posted in Business

As we write this article there is just one remaining “active” case of Covid-19 as there has been no new cases for 12 days.  There seems no obvious reason why we have not already moved to Level 1.  In terms…

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WK Strawbridge merger strengthens business in the top of the south

Posted in Business

A merger between two well-established accounting firms, bridges the gap between Nelson and Marlborough and provides local businesses with a wider scope of business resources and tools, and an enhanced range of specialist skills. Since 1998, the Strawbridge accounting and…

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Covid-19 – Government Loans for Small Businesses

Posted in Covid-19

Yesterday the Government announced the details of the Small Business Cash-flow Scheme. This is a very useful mechanism for obtaining “free money” to help our businesses cope with the effects of the Level 4 and Level 3 Lockdown on our…

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COVID19 Level 2 – levelling-out

Posted in Business

The New Zealand Prime Minister has announced what Level 2 will look like.  The decision to shift to Level 2 is yet to be made.  Cabinet meets on Monday to decide if, and when, the shift to Level 2 will…

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Covid 19 – Provisional Tax Payment Options

Posted in Uncategorized

Provisional Tax Payment OptionsWe are aware that a number of our clients are facing a problem with paying their Provisional Tax due today. We have looked at the options available to us to assist you with this problem. The Inland…

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Covid 19 – Small Business Cashflow Scheme & Buisness Finance Guarantee Scheme

Posted in Covid-19

Welcome to Alert Level 3.Seven days in and we have some good news from Government in the form of a new Small Business Cashflow Scheme. The Government has also introduced a Loss carry back scheme which will be of use…

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COVID-19 Level 3 – Over the Hump?

Posted in Business

Covid-19 Advisory Information to Strawbridge Clients – We are eagerly awaiting the Prime Minister’s announcement today regarding the possiblechange to the COVID-19 Alert level.We include below the details presented last week as to what a Level 3 level will allow.Keep…

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Stimulus Package Announced – Covid-19 Information for Strawbridge Clients

Posted in Business

Today’s Advisory presents the additional Stimulus Package of tax changes announced by the government on Thursday 16th April 2020. We have included below the Links to the Inland Revenue site for you to look at the details of the additional…

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Covid-19 Advisory Information to Strawbridge Clients

Posted in Business

Today’s Advisory introduces an additional service available to you, our clients. Strawbridge is a now a member of the Regional Business Partner Network (RBPN) a division of New Zealand Trade and Enterprise. This enables us…

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Covid 19 Advisory Information for Strawbridge Clients

Posted in Business

Following on from last week’s four publications of Covid-19 Advisory Information, we are continuing to keep you informed of developments as much as possible. We hope that you find the information useful in dealing with the necessary changes that are…

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Covid-19 Advisory Information to Strawbridge Clients

Posted in Business

Following on from last week’s four publications of Covid-19 Advisory Information, we are continuing to keep you informed of developments as much as possible.We hope that you find the information useful in dealing with the necessary changes that are upon…

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Covid 19 Advisory Information to Strawbridge Clients

Posted in Business

Following on from our previous three publications of Covid-19 Advisory Information this week, we are continuing to keep you informed of developments as much as possible.We hope that you find the information useful in dealing with the necessary changes that…

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Covid-19 Advisory Information to Strawbridge Clients

Posted in Covid-19

As you are aware, the Government is offering assistance to New Zealand businesses who are experiencing or expecting to experience financial difficulties as a result of Covid-19. We are providing our clients with regular updates on the Government assistance and…

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