Author Archives: wkstrawbridge
Labour announces its tax policy for election 2020
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
Our blog last week 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…
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Big changes to the New Zealand Business Finance Guarantee Scheme
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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Government support announced for recent COVID19 outbreak in New Zealand
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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Income Equalisation Scheme
For most farmers, their financial year balance date has now passed for the 2020 year. Now is a good time to take note of your livestock on hand and forward to your WK Strawbridge Advisor if you have not done so…
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How to protect your business against cyber risk
More and more New Zealand businesses are being either held to ransom or having critical systems taken offline. In this blog, we look at some measures you and your business can take to be cyber safe. Unfortunately, the majority of…
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Wage subsidy extension open for applications
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
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
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 1998, the Strawbridge accounting and…
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Covid-19 – Government Loans for Small Businesses
Yesterday the Government announced the details of the Small Business Cash-flow Scheme. This is a very useful mechanism for obtaining “free money” to help our businesses cope with the effects of the Level 4 and Level 3 Lockdown on our…
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