February 16, 2021
Resurgence Support Payments Bill introduced The Taxation (COVID-19 Resurgence Support Payments and Other Matters) Bill was introduced to Parliament today and is expected to be passed under urgency. The Bill enables Inland Revenue to administer the new COVID-19 resurgence support payments… Read full post »
August 31, 2020
Auckland is returning to work under Alert Level 2 and our office is going to be open from Monday 31st August.However Alert Level 2 is not life as ‘normal’ and as there are still on-going cases coming to light, we have some restrictions and other measures remain in place to reduce the risk of… Read full post »
August 21, 2020
Changes to simplify and expand the Business Finance Guarantee Scheme will allow banks to make more loans available under the Government’s 80% guarantee. Finance Minister Grant Robertson said the Treasury and banks have been working to update the scheme based on feedback from banks and their… Read full post »
August 12, 2020
If you are in the Greater Auckland area, then we are back to Alert Level 3 As per the message sent out last night, the Chester Grey Office is closed under Alert Level 3 and the team are back to working from home.We are always available by email and our DDi’s have again been redirected to our… Read full post »
June 18, 2020
The Apprenticeship Support Programme is a cross-agency government response to help employers retain and bring on new apprentices, including Mana in Mahi participants, while dealing with the effects of COVID-19. Employers and businesses will be able to access support from either Apprenticeship… Read full post »
June 10, 2020
The Government will legislate to ensure businesses that suffered as a result of the COVID-19 response will get help to resolve disputes over commercial rent issues, Justice Minister Andrew Little announced today. A temporary amendment to the Property Law Act will insert a clause in commercial… Read full post »
May 14, 2020
DO I NEED TO REPAY? With the looming deadline nearing for the end of the first round of the wage subsidy on 9 June this is a gentle reminder to those that have claimed the subsidy to review your financial results.Specifically, taking consideration of whether you have indeed met the criteria under… Read full post »
May 12, 2020
As from today all eligible businesses are able to apply for the Small Business Cashflow Scheme (SBCS) loan. The SBCS was introduced to support businesses and organisations struggling because of the loss of actual or predicted revenue as a result of COVID-19. They must have 50 or fewer… Read full post »
May 1, 2020
Today the Government announced a far more viable solution to small business seeking funding to sustain themselves.Our experience thus far assisting clients through the Government Business Finance Guarantee Scheme is less than positive - And the reports in the media suggest the same. To now hear the… Read full post »
April 22, 2020
What does that mean for you? After 4 (and a bit) weeks at Alert Level 4, New Zealand moves to Alert Level 3 from midnight on Monday 27th April 2020.The Golden Rules for life at Alert Level 3Stay home. If you are not at work, school, exercising or getting essentials then you must be at home, the same… Read full post »
April 16, 2020
The Government announced that banks will be able to provide a mortgage holiday of ‘principal and interest’ for the next 6 months to alleviate the consequences of COVID-19 on homeowners. However, there has been confusion amongst homeowners, landlords and tenants and the purpose of this article is to… Read full post »
April 16, 2020
The Government and the banks are implementing a $6.25 billion Business Finance Guarantee Scheme for small and medium-sized businesses, to protect jobs and support the economy. The Crown, in partnership with participating approved banks, will support targeted new loans (including increases to… Read full post »
April 16, 2020
As we entered into these unprecedented times of being locked away in our ‘bubbles’ no doubt what was foremost on the minds of many business owners was survival. The challenges are obviously different for different businesses and industries – some like essential services are clearly still… Read full post »
April 16, 2020
Covid-19 is not a reason to make a position redundant. We’ve had several cases where employees have sought our advice because their position has been made redundant, based on a letter from their respective employers which reads “due to Covid-19 and it’s impact on our business.” Despite the… Read full post »
April 16, 2020
Good Shepherd NZ is a charitable non-government organisation that was established to address the critical, contemporary issues facing women, girls and families. Among other services, they offer NILS (No Interest Loans) which are a fair and affordable way for people living on limited incomes to… Read full post »
April 16, 2020
Chester Grey was fully operational from our individual home offices from 25 March 2020. This was possible because our business is cloud based and management had planned well before a level 4 lockdown was announced.The physical and technological set up was completed with some simple steps: a… Read full post »
April 16, 2020
We have contacted ACC to discuss options for clients if payroll has been significantly affected by Covid-19. As you will know if you are an employer, self-employed or a contractor, you will receive an ACC invoice once your current tax return is process by IRD. The latest invoice will be a final… Read full post »
April 16, 2020
Has your business been adversely affected by Covid-19? Are you an Employer, a Sole Trader or Self-Employed? Have you applied for the Wage Subsidy? We have already discussed the Wage Subsidy with a considerable number of clients but we are concerned that, if we have not already spoken to you, you… Read full post »
April 16, 2020
COVID-19 is a challenge like we have never seen before.Our goal is to eliminate COVID-19 from New Zealand, so that we can live and work free from this disease. This is the best thing we can do for our people, our communities, and our economy. We attacked the disease early and hard by going into… Read full post »
April 15, 2020
Chief among the action points announced is a tax loss carry-back scheme. A tax bill will be introduced later this month (April) to enable this. Other measures revealed include: changes to the tax loss continuity rules; greater flexibility for taxpayers in respect of statutory tax… Read full post »