April 2020

What to do with your website during a crisis

Your website is usually the first place a new customer will go when they are looking for your products and services. Use your homepage to update your customers on how they can continue to buy from you.

Out of office? Be on alert: tips to protect your business information

Working from home? The commute’s a breeze, the pantry is on tap and you haven’t ironed a business shirt in weeks. But don’t drop your guard just yet.  Now that you’re working outside your controlled office environment you need to stay vigilant when it comes to protecting your business information.

Getting ready for doing business in Level 3

The Government has clarified that most, but not all, businesses can start to open under Alert Level 3 from 11.59pm on Monday 27 April.

Reference links for COVID-19 information

We have pulled together links to websites and information to make it easy for you to find what you’re looking for.

Tax relief packages for SMEs

The Government has announced (April 15) a further set of tax proposals to help businesses manage the impacts of COVID-19.  In summary:

Encouraging prompt payment

Keeping on top of your invoicing requires a proactive strategy. Sometimes it just takes a phone call. Here’s some other tips:

Insolvency relief

The Government is introducing urgent law changes to the Companies Act to give directors temporary relief from potential personal liability when the business faces significant liquidity problems.  The changes will not cover serious breaches of duty.

The value of cashflow forecasting during a crisis

During the ongoing coronavirus crisis, many sectors are seeing income either disappear completely or drop to dangerous levels.

Binding rulings for small businesses

Inland Revenue has recognised the system of binding rulings doesn’t work for small businesses because it’s too expensive.

Common Reporting Standard (CRS) explained

You might have been contacted by your bank to fill in a form enquiring about your CRS status. In simple terms, CRS stands for Common Reporting Standard.

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