WK Blog: Business

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Labour announces its tax policy for election 2020

Posted in Accounting & Advisory

Labour has announced its tax policy, and it is surprisingly conservative. Labour is proposing that if it is re-elected then it will introduce a new top rate of 39% kicking in from $180,000. On Labour’s numbers this affects only 2%…

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Business Finance Guarantee changes…some further thoughts

Posted in Business

Our blog yesterday has generated a lot of discussion. Something we’ve been asked is why the old scheme failed so badly, and do we think the improved scheme will perform any better. Here is our opinion on this. Why did…

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Big changes to the New Zealand Business Finance Guarantee Scheme

Posted in Business

The Government-backed Business Finance Guarantee (or BFG) scheme has been an epic failure. The scheme was too restrictive and there was too much red tape. The Government set aside $6b+ for the scheme when the scheme was announced. However, to…

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Curly COVID-19 New Zealand wage subsidy scenarios

Posted in Business

There are a couple of scenarios that we have come across multiple times in the last couple of weeks. It turns out that WINZ has a secondary website that contains some useful and concise information that…

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Wage subsidy extension open for applications

Posted in Business

The Wage Subsidy Extension went live yesterday morning.  The full criteria were published at the same time.  As we saw with the original scheme, we expect that the information WINZ published will change over time. The turnover drop threshold and…

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New normal seems to be on the horizon

Posted in Business

As we write this article there is just one remaining “active” case of Covid-19 as there has been no new cases for 12 days.  There seems no obvious reason why we have not already moved to Level 1.  In terms…

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WK Strawbridge merger strengthens business in the top of the south

Posted in Business

www.wkstrawbridge.co.nz A merger between two well-established accounting firms, bridges the gap between Nelson and Marlborough and provides local businesses with a wider scope of business resources and tools, and an enhanced range of specialist skills. Since…

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Breweries pivot for COVID19

Posted in Business

While the national lockdown brought the country to a standstill for more than a month, it’s been awesome to see many New Zealand businesses pivoting their brand’s offerings, marketing and strategies in light of Covid-19.  Two such businesses, WK clients…

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Arapawa Seafarms

Posted in Business

For over 15 years Arapawa Seafarms have been continually growing, farming, breeding and reseeding New Zealand Abalone (Haliotis iris or Paua). Throughout the years they have learned, through trial and error how to successfully spawn (breed) wild Paua, grow larvae,…

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WK Client Higgins Shearing Continues to Impress

Posted in Business

Here at WK we are continually impressed with the skill, hard work and talent of our clients and Higgins Shearing is no exception.  This team of determined young women, led by Sarah…

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