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PKF Bay of Islands

Accountants and business advisers

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21 08 2020

Government Announces New Wage Subsidy & Other Support Measures

Grant Robertson has announced a new round of the wage subsidy, in response to the recent lockdown restrictions. The Resurgence Wage Subsidy is a 2-week payment. Businesses will need to show a 40 per cent drop during a period of at least 14 days between August 12 and September 14, when compared to last year.

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17 08 2020

Mandatory contact tracing for NZ businesses

Protect your customers and staff with contact tracing. NZ COVID Tracer QR code posters are free to create and are mandatory from 12pm on Wednesday 19 August, for businesses and service providers under Alert Level 2 and 3.

02 07 2020

ACC Supporting your Business with annual invoicing

Businesses are facing unprecedented financial pressures as a result of COVID-19. Where possible ACC are taking practical steps to provide what respite and support they can during these times, while also safeguarding New Zealand's no-fault accident insurance scheme.

09 06 2020

Wage subsidy & small business loans scheme - New details and deadlines

Applications close soon for the existing wage subsidy scheme. The Government has tweaked the criteria for the extension wage scheme and extended the application deadline for the small business loan scheme. Talk to us. We can help with your applications.

26 05 2020

Lessons Learned in Lockdown - For Your Business & For You

Lockdown has been tough and continues to impact businesses. For some, it uncovered new priorities though. What lessons did you learn from this enforced period of business shutdown? And what will you be continuing in the 'new normal'

22 05 2020

Small Business Loan's to Ease Cash Flow

The Government has launched the Small Business Cashflow Loan Scheme (SBCS) as another measure to assist eligible small-to-medium businesses adversely affected by COVID-19. From 12 May 2020, businesses employing up to 50 full-time staff may apply to the Inland Revenue Department for loans of $10,000 plus $1,800 per employee.

04 05 2020

Government announces interest free loans for NZ SMEs

Government announces interest free loans for NZ SMEs The New Zealand government has announced an interest free loan scheme for small and medium enterprises.

27 04 2020

Welcome to Day Two

Welcome to Day 1 As we have been calling around clients to see how they are getting on with subsidy applications etc, we’ve noticed some pockets of confusion. There is a lot of information and resources out there but this is an attempt to pull the relevant information together for you.

24 04 2020

Developing your Contactless Business Operation Policy

Emerging from lockdown will allow a sense of normality. Bring on the simple pleasures of takeaway coffee, McDonald’s drive through and online shopping for non-essential items; things we never dreamed could be on hold.

20 04 2020

COVID-19 - Week 3 Update

IRD Temporary loss carry-back scheme: This temporary change should be introduced in a bill in the week beginning 27 April. Businesses expecting to make a loss in either the 2019/20 year or the 2020/21 year would be able to estimate the loss and use it to offset profits in the past year. In other words, they could carry the loss back one year. This change means we could refund some or all the tax already paid for the year they were in profit. It means firms could cash out all or some of their losses in 2019/20 or 2020/21. Without this change, firms would have to carry forward any loss to a year when they make a profit.

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