As you know, the conflict in the Middle East is already affecting oil markets and shipping routes, and that is beginning to impact New Zealand businesses through multiple avenues. To name a few, clients are already seeing rising fuel costs, freight, supplier pricing, delivery delays, travel, cash flow, and customer uncertainty with orders. I wanted … Read more
As the Accounting Solutions team moves through a busy year-end period and supports clients heading into the new tax year, there are a number of important business and compliance changes to keep on the radar. In this edition, we’ve brought together some of the key updates to be aware of. We hope this provides a … Read more
In this month’s news, we celebrate Louise as Business Advisor of the Year, becoming a Canterbury Trusted member, IRD updates and how they might affect you, changes to Family Boost and Labour’s proposed capital gains plan. We hope you enjoy reading about what we’ve been up to! Key Takeaways Table of Contents Advisor of the … Read more
We’ve put together this list of changes for business owners arising from the 2025 Budget. We’ve written this from our personal perspective and hand-picked what we think is relevant to you. It’s well worth your time if you want to take full advantage of the opportunities. To position yourself for these opportunities (and attract new … Read more
Recently Louise attended the Westpac Quarterly Economic Overview , which gave us key insights into the economic landscape that Canterbury businesses should consider. Here’s Louise’s take on what you need to know: Economic Conditions and Trends Specific Insights for Businesses Action Points for Businesses Canterbury remains well-positioned in this environment, with its resilience offering cautious … Read more
In the world of accounting and business mentoring, the journey to empower and guide clients toward their unique vision of success is both fulfilling and transformative. At Accounting Solutions, we strive to create a supportive environment not only for our clients but also within our organisation. This blog post delves into the rewarding experiences and … Read more
NZ Government’s 2024 Annual Budget I think we may all agree with this Budget; it gave some relief that the Government is putting money into the areas that are needed most: our education system, health, law & order, the roading & transport infrastructure within New Zealand and getting the Country into better shape, while at … Read more
Stay informed about NZ Government updates impacting you and your business. Navigate changes, seize opportunities. Regularly check in with us for important news updates.
While a new Government is certain, its exact form remains a question. Whether a National & Act coalition or a three-party one with NZ First, significant changes lie ahead. How will this affect you and your business?
Businesses were not mentioned much in the most recent budget, but we have collated the main points that we think would be of interest to you: The Projections Summary Points You can read more summary points here.Overall the ‘Support for Today, Building for Tomorrow’ Budget for 2023 has a new operating spend of approximately $4.8 … Read more
Our thoughts go out to all who have been affected by the recent weather events. It saddens us to hear about some of the impacts this has had on people, animals, homes and businesses. We have learnt a lot about how natural disasters can impact your personal and business life, since the earthquakes, so Louise … Read more
We’ve put together, in plain English, a summary of how the Fair Payment Agreement Act will affect your business. What is a fair pay agreement? (FPA) The government is bringing in a new Fair Pay Agreement system, where employer/employee associations and unions will bargain for minimum employment terms across an occupation or industry. These organisations … Read more
ACCREDITED EMPLOYER WORK VISA – NOW OPEN The third and final stage for a new simplified work visa is now live. This Accredited Employer Work Visa was introduced to help with skilled worker shortages and allows offshore migrants to apply and work for a New Zealand-accredited employer. Partners and dependents of work visa applicants are … Read more
What’s in the Budget for you, as Business Owners: If you are like me, I’ve been extremely worried about the Government’s spending and I was hoping to see some belts being tightened. But we also need the Government to spend, to stimulate the economy, so tightening the purse strings can upset the economy too. If … Read more
A lot of us are experiencing various disruptions due to Covid outbreak at the moment, so we wanted to remind you that there is various types of Goverment support available. If your business is experiencing disruptions such as supply chain issues (or maybe your customers are), your production and sales are down, or you have … Read more
There has been quite a few updates since our last newsletter, and questions from clients about paying your employees during the Covid outbreak, this has been included in today’s newsletter as well as the following: Employee Leave and Pay Entitlements During COVID-19 As the COVID-19 cases continue to increase we are going to see a … Read more
Now that Omicron is in the country and we have moved to the Red traffic light system, it’s recommended, if you haven’t already, that your business has a policy/plan about how you will protect and manage COVID-19, to ensure the least amount of disruption. It’s the best thing you can plan for because it will … Read more
At 11:59pm tonight – 2nd of December 2021 all of New Zealand will move to the new COVID-19 Protection Framework (traffic light system). You can read about what this mean’s for businesses and about the capacity limits / defined spaces in the following links:• Requiring My Vaccine Passes for Entry – How you can check … Read more
The Government’s announcement on the next stage of the COVID-19 response plan introduces a new framework of measures that will commence when 90% of eligible New Zealanders are fully vaccinated. The new framework has three levels: Red, Orange and Green. Each has different levels of restrictions. At all levels businesses will be able to operate, … Read more
Cashflow is a business’s lifeline. Without it, there’s a significant chance a business will cease to exist; even if it’s profitable. Wondering if your cashflow is worth taking time to think about? Then consider this. If you are: Then you have a cashflow management problem. If you’re breaking out in a sweat right now, rest … Read more
This month we were invited to BNZ’s 4 panelists discussion on who’s at the forefront of our future supply & freight issues in & out of New Zealand.It was quite a sobering talk for me, as I thought as soon as Covid had settled and in 6 months’ time, things will just go back to … Read more
UPDATES ON LAST WEEK’S NEWSLETTER The wage subsidy – the main points to be aware of Important note: Make sure when you complete your invoicing that the dates of your invoices are when you completed the sale/job, not dated during the Level 4 lockdown period (the 14 day period MSD is counting as your fortnight … Read more
FINANCIAL SUPPORT AVAILABLE FOR BUSINESSES – WHAT HAS BEEN ANNOUNCED SO FAR: THE WAGE SUBSIDY – NEW AMOUNT The Government has announced that eligible businesses will be able to apply for the wage subsidy scheme via the Work and Income website from Friday (20/08). The new subsidy amounts will be $600 per week, per full-time … Read more
OUTCOME OF LAST WEEKS RESERVE BANK ANNOUNCEMENT:AUGUST OCR HIKE PREDICTION AND REDUCED ECONOMIC STIMULUS What we know…The Reserve Bank has just announced that the official cash rate will remain at 0.25%. This can be seen as the wholesale rate that the banks can borrow from the Reserve Bank at, essentially the lower the number the … Read more
JUNE 2021 UPDATES & NEWSLETTER RESIDENTIAL INVESTOR TAX RULE CHANGESThe Government recently confirmed a few more details for the changes to tax rules for property. The news confirms that anyone who has purchased a residential investment property before 27 March 2021 will see interest deductibility be phased out between October 2021 and March 2025, and … Read more
Finance Minister Grant Robertson’s 2021 budget is a cautious balancing act between incurring further debt and increasing spending on measures designed to reduce child poverty. After the dramatic March tax announcements that caused a tailspin among property investors, Budget 2021 is silent on any significant new tax proposals. However, the Government’s Budget 2021 document refers … Read more
1. NEW RULES TO KEEP CASH FLOWINGIf money is a bit tight, here are some tax measures focused on providing and enabling cashflow that you might like to consider:• The tax loss carry-back rule, which means if you’re expecting a tax loss for the year ended 31 March 2021, you might be eligible for a … Read more
The Government made some important announcements yesterday morning (23/03/2021) to help try and address the supply and demand for residential properties. They include: 1. THE BRIGHTLINE TEST FOR HOUSES WILL INCREASE FROM 5-10 YEARS.The bright-line test is increasing from 5 to 10 years from 27th of March 2021, meaning anyone who buys and sells a … Read more
REVISED BUSINESS FINANCE GUARANTEE SCHEMEThe Business Finance Guarantee Scheme was revised late last year to become more fit for purpose and to help more businesses recover from the ongoing effects of COVID-19. Rules regarding what the loans can be used for have now loosened and things such as CAPEX, working capital, business expansion etc can … Read more
Happy New Year!What a year 2020 was… none of us saw that coming! We hope you had a well-deserved & relaxing break! While there’s a lot of uncertainty about what 2021 will bring, we can take our 2020 learnings and plan for a better 2021.Just remember, no matter what road-blocks may happen this year, we … Read more