As a chartered accountant with 30 plus years business experience, I applaud the Government’s quick response to COVID-19 which has provided relief for Kiwi businesses. But the quick response has also created a few snake pits! Snake Pit One (aka The Wages Subsidy) The wages subsidy was announced quickly and… Read More
Continue ReadingI was inspired by a recent podcast featuring one of NZ’s best thought leaders – Rod Drury, founder of Xero. He quoted the “Three Wave” pandemic model developed by Roger Dennis: Wave One is about how to keep people alive (now) Wave Two is about how to keep people working… Read More
Continue ReadingUnder the Companies Act directors can be held personally liable for company debts if the company continues to trade while insolvent. A company is deemed insolvent if liabilities exceed assets, or if the company cannot pay its debts as they fall due. The government is concerned that because of the… Read More
Continue ReadingWe are mid- way through our 4 week lock down. For some of us working from home is natural and easy, while for others it’s a challenge. Many are relishing lock down to relax or exercise more, avoid commuting, focus on growth and opportunities, or simply in getting paid while… Read More
Continue ReadingCOVID-19 and Commercial Rent Payments Many of our clients lease commercial premises and rent is typically payable monthly in advance on the first day of the month (tomorrow). Clients have been asking us what relief is available (if any) in relation to their monthly lease payments. After the Christchurch… Read More
Continue ReadingTo all our valued clients in response to Covid-19 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… Read More
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