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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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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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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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

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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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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