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,...
UPDATES ON LAST WEEK’S NEWSLETTER: THE WAGE SUBSIDY – THE MAIN POINTS TO BE AWARE OF:• Eligible businesses would need to have had a 40% drop in revenue over a consecutive 14-day period between 17 August and 30 August, compared to the fortnightly revenue...
FINANCIAL SUPPORT AVAILABLE FOR BUSINESSES – WHAT HAS BEEN ANNOUNCED SO FAR: THE WAGE SUBSIDY – NEW AMOUNTThe Government has announced that eligible businesses will be able to apply for the wage subsidy scheme via the Work and Income website from Friday...
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...
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...
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,...
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,...
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...
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...
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...
