After spending almost five weeks in level 4 of the COVID-19 lockdown at home and enduring strict sanitation and supermarket rules, many are finding the ongoing crisis overwhelming. Don’t worry, you’re not alone, and it’s not uncommon to feel overwhelmed from the drastic changes we’ve had to make to our daily lives. That’s why we’ve made a handy list of tips and tricks to help you handle the new world… Read more
If you’re a New Zealand business that has been affected by the economic volatility which COVID-19 has brought, you may have already heard about the COVID19 temporary loss carry back scheme which the New Zealand government rolled out in the week beginning 27 April. This bill has been developed to take the financial strain off businesses who may have large amounts of tax to pay, but expect to, or are… Read more
With Alert Level 2 underway and most businesses now able to cautiously reopen, we are preparing for the next phase of the COVID-19 crisis: rebuilding. The Rebuilding Together Budget 2020 released last week, along with other government initiatives, have given businesses some financial and practical support for the coming weeks and months. We take a quick look at some of these. Wage subsidy extension The wage subsidy extension will be… Read more
Hopefully this finds everyone well in their bubbles. It’s great to hear that as a country we seem to be on top of this virus and that we will drop to level 3 in a few days. Right now it seems like we are in one of the best places in the world. Challenges ahead Obviously though there are serious challenges for the small business owners, contractors and rental property… Read more
Over the course of a few weeks nearly everyone’s business and life has been turned upside down. It’s been a crazy time with toilet paper shortages, businesses forced to close, an overload of information (and mis-information on social media). With the recent disruption in mind, we wanted to help support you however we can. We’ve seen many of our clients already impacted by the virus and decided to put together… Read more
If your company relies on suppliers in various geographic locations, it’s likely that at some point your business will face a supply chain disruption. Whether that disturbance is caused by a virus, regulatory lockdown, international tensions, changes in local laws or a natural disaster, there will probably be scenarios in which your suppliers or transporters face obstacles that affect your company. Here are some steps you can take to respond… Read more
We’d like to assure you that The Accounting Hub is fully operational at Level 4. More about how we can help below. Here’s what the Government announced today, 23 March: New Zealand moves up to COVID-19 Alert Level 3 – Restrict New Zealand to move up to COVID-19 Alert Level 4 – Eliminate, in 48 hours Two-staged approach to give people and businesses time to prepare So how will your… Read more
While New Zealand may feel like a relatively safe place to be right now, there is no escaping the impact COVID-19 will have on our social and economic wellbeing in the upcoming months and beyond. Finance Minister, Grant Robertson, said: “We don’t yet know what the full impact on New Zealand’s economy will be, however we do know it will cost us jobs and have a significant impact on business.… Read more