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
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
Since the first internal corporate note was sent—probably reminding employees about casual Friday—companies and organizations have relied on written communications to keep employees up-to-date on company policies, procedures and changes happening within. These days, though, more companies are switching to videos to relay information to their staff. In a lot of ways, video is more effective than written communications. It grabs peoples’ attention, conveys important information quickly and is usually… Read more
Finding your feet in the first year of business can seem like an ever-evolving task list, but tax is one thing to get ticked off quickly. Instead of waiting for your tax situation to snowball with a surprising result come end of financial year, take the time to jump on that tax learning curve. You might be pleasantly surprised to find it’s a relatively simple task once you’re in the… Read more
Luckily for us Kiwis, New Zealand is globally renowned for being one of the easiest countries in the world to start a new business – quick, hassle-free and inexpensive. The majority of the set up can be completed online in just a few hours. But before you start filling in forms, the first thing to decide is what business structure is most suitable. Here, we’re going to look at the… Read more