As Auckland continues in lockdown, the government has announced a second round of Resurgence Support and other support options remain in place for all of the country. Second round of Resurgence Support Payment (RSP) To be eligible for the RSP, you will need to show that your business experienced a 30% or more drop in revenue in a 7-day period from 8 September until immediately before all of NZ returns… Read more
UPDATE 01.09.21: The Government has approved another wage subsidy. Applications for Wage Subsidy August 2021 #2 will open at 9.00am on Friday 3 September. This is for all businesses and self-employed people who have or predict at least a 40% decline in their revenue from 31 August to 13 September and meet all the eligibility criteria. For more information go to The Ministry of Social Development’s website. Following the Covid-19 alert… Read more
For some people, early retirement is a choice. For others, it’s a necessity. If you are running your own business, a retirement plan is probably the last thing on your to do list. Regardless of which group you fall into, there are some steps you can take to help make early retirement a reality and live the life you dream about. 1. Know your goals Before you know exactly how… Read more
Many entrepreneurs start their business with the goal of earning an income for themselves, but they often think of the business only in terms of them running it. In truth, there is a huge benefit to starting a business either with the goal of selling it or at least setting it up so it can be sold at some point in the future. You don’t have to plan on making… Read more
Knowing what and how much to claim in expenses on your Income Tax Return or financial records is probably more important than you imagine. Read on to find out more. Legitimate expenses lower your taxable income If you own a small or medium business, there are a number of expenses you can claim through the business to lower your taxable income. And it’s tempting to claim as much as you… Read more
When it comes to the overall success of your business, one of the most important decisions you’ll face is how to price for the work you do, ie, your chargeout rate. Charge too much and you could scare away potential customers. Charge too little and you could run yourself out of business. Figuring out how much to charge can be tricky, but it’s worth it. If your business doesn’t bring… Read more
COVID-19 forced more than 40% of the workforce in New Zealand, in every industry, to work from home during lockdown. And according to Infometrics senior economist Brad Olsen, remote working is likely to be a key change for post-pandemic New Zealand with 36% of the workforce continuing to work from home in level 1. Having experienced working from home during lockdown, many workers are now taking a split approach… Read more
As a business owner there maybe several times when you need to access financing. It may be in the early stages of your business, when start-up costs for offices, equipment and employees must be covered. Or it may be later on, when you have to relocate, purchase more inventory or equipment, or market your business more aggressively. Or you may need finance to help deal with the effects of economic… Read more
The end of year parties have started and the Christmas tree is up. 2020 is, finally, nearly over. However, before you open the champagne, have you made your staffing plans for the holiday season? Many of you will have your annual closedown. If you are part of the hospitality or tourism industry you will likely be hoping to make the most of the holiday season to make up for income… Read more