WK Strawbridge Blog: Business
News, practical advice and new business law in language you understand.
Stay informed with the latest news including practical tips, technology, tax law, and what our staff and clients are up to. Get the latest updates from our team of well-informed Business Advisors and Accountants
Alert Level 3 – Extensions to Government Assistance – August 31, 2021
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
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
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
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
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?
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
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
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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Wage subsidy extension open for applications
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
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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