The Government are proposing temporary changes to the Companies Act to help companies who may be facing insolvency due to Covid-19, to remain viable and keep New Zealanders in jobs. Whilst it is inevitable that some businesses will go into liquidation, it is hoped that the extra measures announced on 3 April 2020 will help […]
Finance Minister Grant Robertson recently announced more information about the Government-backed loan scheme. The scheme is designed to help small and medium sized businesses obtain loans more easily from their banks to meet the operational costs of doing business during the coronavirus downturn. The Government has agreed to spend $6.25b on government-backed bank loans. The […]
Important information for our clients at this unprecedented time 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.
On 27th March 2020 the Government announced some changes to the wage subsidy and leave payment scheme. At 3pm on Friday 27th March the leave payment scheme was discontinued. This scheme is no longer fit for purpose given that our country is now in lockdown. Applications that were submitted prior to this cut off time will continue to […]
Payday filing: Under the new payday filing rules, if you are an employer you are required to file a return within two days of paying your employees (or ten days if filing manually). Also, nil returns are no longer required to be filed. You are now only required to file a return when you […]
It is the end of the line for Cheques For those of you still using cheques as your method of payment to the Inland Revenue, you will no longer be able to do so from 1 March 2020. Since September 2019, the Inland Revenue have been phasing out cheques and offering other ways […]
Mental health and the wellness of our nation continues to be a real issue. Sadly, statistics show that our farming communities are far from immune to the struggles of mental health. The farming industry has some challenges that make it unique, i.e.: a huge reliance on the land, issues outside of farmers’ control such […]
We love seeing clients’ businesses grow and flourish and we are excited to see the phenomenal success that Emma and Colin Hadden have achieved in the short time that they have owned and operated Meadowood House. What stands out about this couple is their vision, innovation, resilience and genuine desire to provide an outstanding […]
The Inland Revenue has been progressing with their “simplifying business tax processes” strategy for some time now, with “mixed” results in some areas. One of these important changes affects provisional taxpayers and how “use of money interest” rules are applied. Under the old rules, most provisional taxpayers had to pay their tax liability in […]
The hot topic in farming circles this week has been around the Reserve Bank’s very recent announcement of Capital Adequacy Ratios and what impact it will have on new and existing rural lending. It’s fair to say that farmers are nervous, and possibly rightly so, if what I’m reading, and hearing is an accurate reflection […]
Tax Due DatesMay 16, 2016 - 6:56 pm
COVID-19 Wage Subsidy Scheme and Resurgence Support Payment reinstatedAugust 20, 2021 - 12:03 pm
COVID-19 UpdateAugust 18, 2021 - 2:01 pm
Trusts Act 2019 – What does this mean for me?November 17, 2020 - 4:52 pm