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PKF Bay of Islands

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COVID-19 - 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.

Articles - 14 05 2020

NZ Govt announces the 2020 Drought Recovery Advice Fund

The 2020 Drought Recovery Advice Fund is to help farmers recover from the 2020 drought, and plan for future droughts. The fund is open for applications between 11 May and 12 June 2020.

Articles - 08 05 2020

Managing cashflow and accessing emergency funding

Working capital is a vital component of any successful trading business – providing the liquid cash needed for everyday operations. Suddenly finding your business without this cash can be a shock, but there are ways to fill these cashflow holes and get the company back on track.

COVID-19 - 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.

COVID-19 - 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.

COVID-19 - 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.

COVID-19 - 09 04 2020

Business Finance Guarantee Scheme

Finance Minister Grant Robertson announced on 1 April 2020 that businesses can start applying for loans under the Business Finance Guarantee Scheme.

COVID-19 - 07 04 2020

Further measures to support businesses

The Government will be introducing legislation to make changes to the Companies Act to help companies facing insolvency due to COVID-19 to remain viable and keep New Zealanders in jobs.

COVID-19 - 25 03 2020

Guide for Creating Your Business Continuity Plan

The impacts of Covid-19 on health and business are evolving fast. Currently, we are prioritising helping our clients who have the greatest need. So, if you need urgent help, please get in touch.

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For more information on how our services can help your business get in touch.

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