Category: Blogs


Top 10 strategies to navigate through a recession

Cost and Cashflow Management will be critical to ensure the health of your business in the current economic environment. Here’s our checklist to assist you to manage some of the financial challenges ahead. Employees and Wage cost Consider retaining all employees through Reduced hours Utilising accrued leave Leave without pay Assistance provided by the Government […]

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Covid-19 Temporary Office Closures

In line with the Government’s announcement, the Hayes Knight offices in both Albany and Newmarket, will temporarily close from the end of today and we anticipate reopening on 20 April 2020, unless directed by the Government to do otherwise. During this period our team is working remotely from home and is well equipped to continue meeting your needs. Whilst our physical offices are temporarily ‘closed’ we are […]

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Covid-19 Business Support Package

Yesterday the Government unveiled its $12.1 billion support package for businesses affected by Covid-19. Below we set out the highlights and provide some details of the key measures: $5.1 billion wage subsidy package $2.8 billion towards benefit increases doubling of the Winter Energy Payment $2.8 billion for tax changes to free up cash flow $126.5 […]

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End of year checklist

With the new financial year almost upon us, there’s not much time left to ensure you have your ‘house’ in order for 31 March. Our 40-point checklist below will guide you through the year-end process and ensure you maximise your tax deductions and minimise your annual tax bill. Assets Assets purchased costing $500 or less […]

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Cashflow Shortfall?

Cashflow can be a real issue for a business and maintaining a suitable level of working capital is a critical part of business management. Working capital is essentially the cash available for the day to day running of a business. In a perfect world, the payment of expenses incurred in running a business would directly […]

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Going the Distance for Oxfam

Hayes Knight team member Vanessa Graham will be taking part in the Oxfam 100km Trailwalker in March 2020, an event where teams of four start, stay and finish together, walking across 100km of breath-taking Whakatāne terrain. A key feature of the event is that it’s not a relay. As a team, they will support each […]

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SHOULD YOU USE TAX POOLING?

Yes, we certainly think so. It is Inland Revenue approved and has been around since 2003. In a nutshell, instead of taxpayers paying their provisional tax payment to the Inland Revenue, they deposit their provisional tax payment with a tax pooling intermediary who then deposits that payment into a tax pooling account with Inland Revenue. […]

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Countdown to Tokyo

After overcoming myocarditis and a torn pec tendon in 2018, our sponsored athlete, Jacko Gill, has had a fantastic 2019. Jacko’s 2019 season started with a new Personal Best in the Czech Republic competition which saw him qualify for the Tokyo Olympics in August 2020. Jacko continued to improve in all of his five European […]

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Paying IRD by cheque – The screws are tightened

For some time Inland Revenue and other Government organisations have been pondering changing how their customers can make payment.  Specifically, whether you will be able to make payment using a cheque.  There has been some reluctance for Government departments to be seen as the “first cab off the rank” in proceeding with this change.  Recently however Kiwibank has announced it will be going cheque free from 28 February […]

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Time to hang up the boots?

There will come a time with most business owners when the drive for running their business diminishes and is replaced by dreams of cruises around the Greek Islands. However, what many people want to know is how to make sure you get the most out of the business that you have spent years building. There […]

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