Under 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 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 ReadingAt midnight tonight NZ goes into lock down. As an owner of a SME this will impact your people and your business – physically, financially, and emotionally. With the tight time frame many of you will have been frantic getting remote set up organised and negotiating / liaising with your… Read More
Continue ReadingQ2 Ltd have been preparing for the possibility of a nationwide lock down and the Q2 team are set up to work remotely from Tuesday 24 March 2020 for the next 4 weeks, and beyond if necessary. Although Q2HQ closed from 5pm Monday 23 March 2020 our phone will continue… Read More
Continue ReadingOn 17 March 2020 the government announced an economic response package to help cushion the impact of COVID-19 and support the economy during the COVID-19 crisis. The package includes: wage subsidy scheme leave and self-isolation support business cash flow and tax measures wider $12.1 billion package. Read More
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