Blog

There’s a lot going on in the business world as we start the transition from the Covid Alert Level system to the new ‘traffic light’ Protection Framework. Wage subsidies and other support programmes continue to feature with changes coming to the Resurgence Support Payment. More about business boost to transition to new Covid framework (beehive.govt.nz) Read on for the latest updates and some ideas to help move your business forward.…  Read more

Auckland, and now parts of Waikato and Northland, remain in lockdown Level 3, and so further rounds of funding were made available to businesses across the country. This includes a fourth Wage Subsidy and a third Resurgence Support Payment (RSP). Wage Subsidy #4 The Wage Subsidy is a payment to support eligible businesses, organisations and the self-employed affected by Alert Levels 3 and 4, so they can continue to pay…  Read more

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

  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

Well, there’s no time like the present. If you’ve been through the teenage years you are unlikely not to have heard this phrase, and it may or may not bring back good memories! But seriously – if you are thinking about investing in business assets, then 2020 really is a good time. Here are three reasons why: Interest rates are at an all-time low The Reserve Bank of New Zealand…  Read more

In the current economic climate, it’s hard to find good news. However, positive economic signals in New Zealand are emerging from recent surveys and stats including improved business confidence, export and job figures. Alongside comes a commitment by the newly-re-elected Prime Minister to prioritise small business recovery and a range of new and existing Covid-19 support schemes. Jacinda Ardern to prioritise small businesses recovery After winning the election for her…  Read more

Labour has just had the biggest win in over 50 years and with 64 seats it will be relatively easy for them to make the changes they proposed in their pre-election campaigns.  The expectation is that they will go further and faster this term.  Whether or not you agree, it’s time to prepare.  So, what does a Labour government mean for your business? Personal income tax Labour has announced plans…  Read more

New Zealand recorded its sharpest quarterly contraction and officially entered recession as second quarter economic data was released this week. The median forecast of economists polled by Reuters showed GDP shrinking 12.8% quarter-on-quarter in the three months to June. The strict pandemic lockdown measures battered economic activity, but the economy has since somewhat bounced back. Still, there is a lot of uncertainty ahead. Let’s look at what’s happening to help…  Read more