Some employers have made, or intend to make, payments to employees to reimburse costs incurred by their employees working from home during the COVID-19 pandemic. Inland Revenue has clarified the tax treatment of such payments made from 17 March 2020 to 17 September 2020.
The Government is extending the Wages Subsidy with applications opening on 10 June 2020.
Business debt hibernation is a government initiative that helps companies, trusts, and other business entities affected by COVID-19 to manage the debts they currently have.
A cash flow forecast is an important tool for business planning. And right now, understanding the cash coming in and going out of your business is vital.
New drought analysis shows this year is one of the most severe on record for parts of the country, and it has hit the primary sector hard.
New Zealand may be small in size, but when it comes to innovation, intelligence, integrity and ease of doing business, we are a big hitter.
It’s not easy to request payment right now but it is important to keep cash flowing into your business. As with all business dealings at them moment, a little empathy and a lot of open communication can go a long way.
Keeping your relationships with suppliers positive is crucial if you rely on them to help you keep your customers satisfied. Here’s some suggestions to keep things on a steady course.
Keeping everything running is the priority for now, whether you’re in recovery or growth mode. Regular cashflow forecasts will help you make informed decisions. And controlling your costs will potentially free up cash. We share more here.
The more you understand about your business, your market and your competitors, the better prepared you are. A simple SWOT analysis can be an invaluable tool in your strategic armoury.