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PKF Bay of Islands

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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.

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.

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.

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.

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.

25 03 2020

Keeping your cashflow strong in tough times

Small businesses are particularly vulnerable in tough economic times. When sales are slow, there are still overheads and salaries that need to be sorted. Pre-planning and being proactive can help you weather tighter economic periods and allow you to continue to thrive.

18 03 2020

Government announces $12.1b support package in response to Coronavirus (COVID-19)

The Labour-led government has outlined a ‘once in a lifetime’ support and economic stimulus package to address the unrivalled impacts of COVID-19 on New Zealand. This is an evolving situation that will undoubtedly change the world as we know it. The $12.1b package - representing 4.1% of this country’s GDP - aims to alleviate some of the pain New Zealand’s businesses and individuals are feeling.

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