Discounted tax for your first year in business

If you’re new to business, you may be eligible for a discount for paying your income tax early. This applies to sole traders, contractors and partnerships.
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Digital Boost: Free digital skills training

Get free digital training for small businesses, and learn how to:

  • reach more customers
  • make business processes more efficient
  • get better insights from data
    Find our more

 

IRD – Key dates to note over Christmas/New Year period & changing Parental Leave

Key dates, read more

From March, you’ll need to apply for paid parental leave in myIR. The exact date of this change is still to be confirmed. Currently, you need to complete a paper form and send this to us, read more

 

IRD – Latest announcement on Proposed Business Support Package

15 Dec 2020 – The Government has proposed a package to support businesses and individuals in the event of Alert Level escalations due to resurgences of COVID-19 in the community. Read more

 

IRD – Family time vs business time over summer

Family time vs business time over summer The summer holidays offer a good opportunity to get together and discuss plans for the future of your family business. Here are some rules to follow to make sure it’s only the barbeque that gets heated. Read more

 

SH1 Whangarei to Port Marsden Highway – announcement of emerging preferred corridor

The project will provide an upgraded four-lane corridor that will improve transport connections between Auckland and Whangārei. There are two shortlisted options for public consultation. Both shortlisted options include widening of the urban corridor to four lanes and the project also includes a separated walking and cycling path between Whangārei and Port Marsden Highway (SH15). Of the two shortlisted options consulted on in October, the emerging preferred corridor is ‘Option A.’ Read summary of public engagement here and Nov 2020 presentation here.

 

Law change: Privacy Act overhaul to protect personal information in the digital age (Business NZ)

If you collect, store or use personal information about employees and/or customers, it’s important to check your business meets existing privacy requirements
get ready for the law change. Read more

 

Get set for Summer – tips for small business & contractors

Summer can be a challenging time for small businesses and contractors. Minimise any headaches by being prepared and knowing what your obligations are. Read more

 

Career Focus NZ – FREE Direct Career Guidance Service

This service is to support all New Zealanders whose jobs have been affected by COVID-19 and help them back into work or training. CV, cover letter and interview coaching, tips about the job market & what skills employers are looking for. This service runs until 12 March so don’t delay! Ring TEC on 0800 601 301 to be connected to Career Focus NZ (Muriel Willem)

 

Advice for sole traders struggling with debt (Business NZ)

Being in debt can be a normal part of being in business. But it’s important to know how much debt is too much for you. Read more

 

Boosting small business digital capability

Small Business Minister Stuart Nash and Tourism Minister Kelvin Davis have announced details of a $20 million digital capability package for small businesses. Read more

 

Business Plans up in the air? Tips to pivot (Business NZ)

The COVID-19 pandemic has upended plans for 2020 and beyond. Changing the way you do business can help you survive the crisis and build long-term resilience. Here are tips and tools to help you identify and maximise opportunities to help your business survive and revive. Click here

 

Mental health and wellbeing support (Business NZ)

Resources to help you and your business keep healthy and well. Click here

 

Update from WRMK: Triangles, Privacy and a Pandemic: Navigating Employment Law in 2020

In our latest employment law newsletter, we discuss restructuring your business during a pandemic, understanding just what a triangular employment relationship is and what it means for you as an employer, and your new obligations under the Privacy Act 2020, which comes into force on 1 December. Read more

 

COVID-19: Financial support for business (Business NZ)

There are a few COVID-19 financial support schemes available to businesses, depending on your situation. Learn more about each type of support and where you can find more information. Read more

COVID-19: Contact tracing with NZ COVID Tracer app

All businesses will be required to display government generated QR code posters at all premises from 12pm on Wednesday 19 August. Find out how to get your QR code poster and what to do if you have multiple sites. Read more

 

Connected.co.nz – is a one-stop, all-of-government website that allows New Zealanders to find out more about what’s available to support their education, employment and training needs.

Employers, jobseekers and people interested in training or retraining can now start accessing a new service to connect to the wide range of supports and advice available through government agencies to help deal with the impact of COVID-19. Government agencies are working together to make sure the website has up-to-date links and information.The Connected website is supported by a Connected phone line (0800 264 737) and physical Connected locations operating in 35 of MSD’s employment-focused sites around the country and the three Ministry of Business, Innovation and Employment Jobs and Skills Hubs.

COVID-19 Small Business Cashflow (Loan) Scheme (SBCS) – latest developments (IRD)

The Small Business Cashflow (loan) Scheme has been extended until the end of 2020. Applications opened on 12 May 2020 and can now be submitted up to and including 31 December 2020. Read more

Support for apprenticeships (Work & Income)

Employers and businesses will be able to access support from either Apprenticeship Boost, Mana in Mahi, or the Regional Apprenticeships Initiative. Read more

 

Five tactics for selling B2B services in tough times (nzentrepreneur.co.nz)

For those selling services and solutions to other businesses, the impact is just as severe if not more so than for businesses selling direct to consumers.. Read more

Guidance for commercial leases and mortgages during COVID-19 (justice.govt.nz)

Many commercial lease arrangements in New Zealand will have been affected by the response to COVID-19. The Government has taken steps to support those businesses.Read more  

 

Employee Allowances & reimbursements for home office costs (BDO NZ)

The IRD has recently issued guidance on when such payments can be made to employees tax-free, when PAYE obligations arise, and when the employer can claim income tax or GST deductions. Read more 

 

COVID-19: Common questions in relation to the Wage Subsidy Scheme, the Extended Wage Subsidy Scheme and the Small Business Cashflow Loan Scheme – (Deloitte)

Budget 2020 saw the announcement that the Wage Subsidy Scheme (WSS) would be extended, with a few twists. In this article, we set out some common questions in relation to both the current WSS and the new Extended Wage Subsidy Scheme (EWSS). Read more

 

Cash Flow Forecaster tool (Business NZ)

Cash flow is critical to every business, showing what’s coming in and going out. Forecasting your cash flow helps you understand your business health. Describe your financial position and the changes you expect. We’ll help you forecast your cash flow. Read more

 

Tax lockdown & two smoky barrels – (BDO NZ)

Watch the below video as Iain Craig, BDO’s Eye on Tax, provides a brief recap on the many recent tax changes announced as a result of COVID–19. Watch here

 

Business Finance support and Mortgage Holidays

Information on the Business finance guarantee scheme and payment holidays for businesses and homeowners affected by the economic impacts of COVID-19.Read more 

 

Tax changes to support the business during COVID-19 (IRD)

The Government has just announced a further set of tax proposals to help businesses manage the impacts of COVID-19. Here’s what you need to know. Read more

 

Is contracting right for you? (IRD)

There are many benefits to working as a contractor — it can pay better than doing a similar salaried job and be more flexible. But there are hidden costs to think about, too. Here’s where you’ll find tips, information and common mistakes to help you decide if going contracting is for you. Read more

Employment: Getting holiday pay right (Employment New Zealand)

Figuring out the right amount of holiday for your employees and paying them for it correctly can be tricky. We worked with Employment New Zealand to pull together some useful tips to ensure you’ve got it right. Read more

 

Want to Sell your Business (IR)

If you’d like to sell now or in the future, here’s what you need to do to get the best price you can for your business. Find out more

 

Accommodation for workers: what you need to know (Employment NZ)

By law, anyone working for you in return for food or accommodation is most likely an employee. You may also be their landlord. Read on

 

Connect and transform your business with the NZBN

Are you ready to connect and transform your business? The NZBN makes doing business faster and easier because it’s a globally unique identifier. There’s an NZBN for every Kiwi business and it’s a digital link to core business information (for example, trading name, location and contact details). Read more

 

Free health and safety check

The SafePlus online tool is a quick and easy way to assess health and safety with your workers, find areas to improve and start taking action. Read more