Find the latest news on how COVID-19 is impacting businesses. Check in here to see our latest commentary.
3 March 2022 | COVID-19: Further financial help available for NZ businesses
Most businesses are operating relatively normally, but there are some sectors which continue to experience a significant decline in consumer activity and revenue. Because of this, the Government has announced additional financial support for businesses that are experiencing cashflow pressures due to the Omicron outbreak.
7 December 2021 | It’s red or orange for NZ – so, what support is currently available for businesses?
With the shift to the new COVID-19 Protection Framework, businesses will have more flexibility to open and operate. However, the Government has also announced it is moving away from the broad economic support provided under the Alert Level system. For businesses and organisations who continue to be directly affected by COVID-19, what financial and other support is still available to help get things back on track?
3 September 2021 | Second round of COVID-19 Wage Subsidy opens to businesses needing financial support
With the initial two-week COVID-19 wage subsidy closing on 2 September 2021, the Government has approved a second round of subsidy payments to help support employers and self-employed people throughout New Zealand affected by the level 3 and 4 lockdowns.
19 August 2021 | COVID-19 financial support for NZ businesses affected by latest lockdown
With the move to Alert Level 4 on 17 August 2021, the Government has reactivated the Wage Subsidy Scheme and Resurgence Support Payment support measures for businesses and workers.
4 March 2021 | COVID-19 Wage Subsidy March 2021 is now available
Applications for the Wage Subsidy open Thursday 4 March 2021, and payments start from Monday 8 March 2021.
24 February 2021 | Government support payments available for businesses and organisations
On 17 February, the Prime Minister announced the new Resurgence Support Payment would be made available to businesses and organisations with reduced revenue due to the latest changes in COVID-19 Alert Levels.
20 November | NZ Government extends the small business cashflow (loan) scheme
The cashflow loan scheme provides one-off loans to support the cash flow needs of small businesses impacted by COVID-19.
14 October | Accessing regional business support funding for professional advice and training services
Funding has been made available through the Regional Business Partner Network to help SMEs recover from the impacts of COVID-19.
4 August | The importance of cash flow forecasting and ‘how to’ during COVID19 | Part 2
In this two-part series, William Buck Manager Business Advisory, Eric Flammang provides his recommendations for monitoring and managing cash inflow and outflows effectively during COVID19, using a three-way forecast.
4 August | The importance of cash flow forecasting and ‘how to’ during COVID19 | Part 1
Gaining visibility and control over cash flows and working capital is the most fundamental activity businesses should undertake during a time of crisis. Your business should prepare and regularly update a 13-week rolling cash flow forecast to realistically assess its current situation and take corrective actions as and when required. The question is how?
29 July | How a Disaster Recovery Plan can help you adapt quicker
The ability to return to ‘business as usual’ will be influenced by a number of factors including the effectiveness of your Disaster Recovery Plan (DRP).
29 July | International tax in the time of COVID-19
William Buck Tax Director Jayesh Kumar and Accountant Harrison Stutt answer some common questions asked by their clients regarding international tax matters in the time of COVID-19.
16 April | Law changes bring relief to directors and debt
As part of the Government’s response to COVID-19, temporary law changes to the New Zealand Companies Act will enable businesses affected by COVID-19 to place existing debts into hibernation for six months.
16 April | Latest tax changes will help SMEs
The Government has announced further support measures aimed to help small and medium-sized enterprises (SMEs) manage the impacts of COVID-19. These include a tax loss carry-back scheme, changes to the tax loss continuity rules and allowing Inland Revenue to change due dates.
10 April | Business hibernation strategies
Businesses around the world are finding themselves in unchartered waters.
COVID-19 is having an unprecedented effect on business everywhere. For some businesses their supply chains have been impacted while for others, demand for their product or service has entirely dried up overnight.
6 April | COVID-19 & Life Insurance - can I claim?
As we’ve received a number of queries from clients asking whether their insurance policies will pay out amidst the COVID-19 pandemic – our exerts have answered two of the most common questions.
1 April | How CFOs can pro-actively respond to the COVID-19 crisis
Coronavirus is a reality that, in 2020, will directly or indirectly affect us all.
How potentially devastating could Coronavirus be for economic and business activity? Those that work in Risk Management know it doesn’t take long to reach “Catastrophic”.
31 March | NZ Government makes changes to Wage Subsidy Scheme to keep workers in jobs
Effective 27 March, modifications to the Wage Subsidy Scheme will apply to ensure people don’t lose their jobs during the national lockdown. The Wage Subsidy is a Government payment to help employers pay wages.
27 March | NZ announces further assistance with wage subsidies, mortgages and business finance
Following this week’s Government announcement, wage subsidies will now be available for all employers that are significantly impacted by COVID-19.
19 March | How NZ’s COVID-19 economic response can boost your cash flow and provide necessary relief
Earlier this week the New Zealand Government announced it will spend $8.7 billion to reduce the blow for businesses as part of its $12.1 billion Coronavirus Economic Response Package. Here we take a look at some of the key measures and how we can help you receive assistance.
18 March | New Zealand pledges $8.7bn for business assistance
New Zealand will spend $8.7 billion to reduce the blow for businesses as part of its $12.1 billion Coronavirus Economics Stimulus Package. The majority will go towards funding tax breaks and wage subsidies.
18 March | New Zealand pledges $8.7bn for business assistance (Mandarin translation)
New Zealand will spend $8.7 billion to reduce the blow for businesses as part of its $12.1 billion Coronavirus Economics Stimulus Package. The majority will go towards funding tax breaks and wage subsidies.
