Last night, the Government announced that the country will
move back to Alert Level 2, and Auckland to Alert Level 3
from midday today until at least midnight on Friday. With
a short time to prepare for these changes and put in place
The wage subsidy extension remains open for applications
until midnight on 1st September 2020. The subsidy
extension is for an 8-week period.
The criteria for the wage subsidy extension:
You operate a *business *(being a registered business,
sole trader or self-employed person, a registered charity
This afternoon the government announced further support for
businesses that continue to be affected by COVID-19. We have
outlined the two key takeaways below.
*Extra 40,000 businesses to be eligible for wage subsidy
extension*. After feedback from businesses, the Government
has announced the decision to change...
The Government's response to the COVID-19 pandemic plays a
big part in the 2020 Budget. This year's budget focuses on
injecting funds into the economy to create and sustain
employment. As Finance Minister Grant Robertson states "this
budget is about jobs". The budget has a...
On 30 April the RBNZ announced it was removing all LVR (Loan
to Value Ratio) restrictions it had been imposing on NZ
First, let’s refresh on what the restrictions were prior
to this announcement:
RBNZ put “speed limits” on the amount of “low
This afternoon Grant Robertson announced the Government will
provide interest-free loans for a year to small businesses
impacted by COVID-19, to support their immediate cashflow
needs and meet fixed costs.
The Small Business Cashflow Loan Scheme will provide
assistance of up to $100,000 to...
The COVID-19 crisis has had a significant impact on small
and medium-sized enterprises (SMEs).
In recognition of the challenges facing business, the
Government has already introduced a wide range of measures
to assist businesses through the crisis. These include the
wage subsidy scheme, the Business...
Business Loan Scheme
In these extraordinary times we find ourselves living
through, many businesses would have seen the government’s
recent announcement as welcome news and hopefully, it
provided additional confidence that your business can
weather the storm that is COVID-19.
*Here is a summary of what...
We have been amazed by the government’s support & response
to the current COVID-19 situation. In our view, the most
significant assistance to New Zealanders was the
announcement of this scheme.
*Here is what you need to know about the scheme:*
The scheme allows...
We have spoken to many of our clients over the last week and
a number of applications have already been made and paid. If
you need help with this please do contact us.
It is important to remember the subsidy is to help...