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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Support announced for recent COVID19 outbreak in New Zealand

Posted in Covid-19

After months of ongoing bungles at isolation centres, the inevitable occurred, and Covid-19 is back in the community and Auckland is back in Level 3 lockdown. The travel restrictions on Aucklanders are going to be particularly hard on the tourism…

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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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Level 1 – Freedom (within our borders at least)!

Posted in Covid-19

Double-dose of good news…there are officially no Covid-19 cases in NZ and Level 1 will commence from midnight Tuesday 9th.  The shift to level 1 will give businesses the first real sense of what “normal” is going to look like…

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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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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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Budget 2020 – long term solution for an immediate problem?

Posted in Business

New Zealand Budget 2020 was promised to be the “jobs budget” by the Prime Minister just yesterday.  However, it is difficult to see how this budget saves or creates many jobs in the short term.  Of course, it must be…

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Modest government loans for small businesses

Posted in Business

From the 12th of March 2020, businesses have been able to apply for the “Small Business Cash-flow Scheme” or “SCBS” loans directly from Inland Revenue. Inland Revenue will accept loan applications from 12 May to 12 June. Applications can only…

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