On 21 March 2022, the Small Business Cashflow Scheme (SBCS) loan amount increased to $20,000 (from $10,000). The scheme was originally introduced to support small to medium businesses and organisations struggling with a loss of revenue due to COVID-19. The eligibility criteria have not changed. Your business must have: no more than 50 full-time equivalent […]
Following a comprehensive review of the Charities Act, the Government is moving ahead with changes to modernise the legislation that will increase transparency for the public, improve access to justice services and reduce the burden on smaller charities. The review of the Charities Act commissioned by the Government was led by the Department of Internal […]
Started in July 2007, KiwiSaver is a voluntary retirement savings scheme to help you save for your future. Available for all New Zealand citizens and permanent residents living in NZ, it is run by independent providers who you choose to manage your savings. These providers invest their members’ KiwiSaver funds to make a greater return […]
Tax time is just around the corner and this last year hasn’t exactly been an easy one for most NZ businesses. What with lockdowns, supply chain issues, and inflation, it’s nice to know that the Government understands the effect that COVID-19 has had on small businesses and is providing tax relief and income assistance […]
Everybody loves a deal, don’t they? We’ve made it through Christmas and the Boxing Day sales, next up is the New Year sales, followed by Waitangi Day deals, then Valentines Sales, the list goes on. It almost seems like consumers would be crazy to pay full price for items when they can just wait […]
The clocks have changed, flowers are blooming, lambs are skipping, and the mercury is rising; all signs that spring is in the air. Tradition tells us that this is the time to have a good clean-up and clear out of your house, but what about dusting off the proverbial cobwebs from your finances? Setting aside […]
Even though we’ve been here before, it doesn’t seem to make this nationwide Alert Level 4 lockdown any easier to deal with the second time around. Thankfully Finance Minister Grant Robertson announced last week that the Government has reinstated their Covid-19 Wage Subsidy Scheme and Resurgence Support Payment (RSP). Businesses that meet the criteria could […]
Here in New Zealand, it’s important to acknowledge that we have been luckier than other nations in terms of our COVID-19 situation. However, the situation is still present here and is still affecting people and businesses. IRD have said that if you are unable to pay personal or business taxes on time due to any […]
It may seem like a lifetime before our economy goes back to normal again, but New Zealand is turning around a lot faster than any other country. And while you may be preparing for your next steps as a business, the Ministry of Social Development (MSD) have initiated the extreme task of auditing some applications […]
The new Small Business Cashflow Scheme (SBCS) means that small to medium business owners (including sole traders and the self-employed) may be able to grab themselves a one-off loan if they have been negatively affected by Covid-19. If you have had a huge loss in revenue during the lockdown period and now your business is […]