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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