Category: Business Advisory


How to reduce your ACC levies

ACC levies can be a significant cost for businesses operating in high-risk industries such as forestry, construction, and road freight transport among many others. We see more and more clients burdened by the costs associated with operating in a high-risk industry while also paying significant ACC on wages to employees not involved in the high-risk […]

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Brightline Test for ‘Off The Plan’ Property Purchases

Most property investors in New Zealand will be aware that the Brightline Test for Residential Land dictates that gains from the disposal of residential land acquired and disposed of within five years will be taxable, subject to some exceptions.  Pretty straight-forward, right?  Well, like most tax legislation, there are areas that can catch taxpayers out. […]

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Access Covid-19 Funding Support with Hayes Knight

We are pleased to announce that Hayes Knight has been approved as a Covid-19 Service Provider with the Regional Business Partner Network (RBPN). If your business is registered with RBPN, then you may be entitled to up to $5,000 fully funded Covid-19 support. We have been approved for the following support services: Covid-19 Cashflow forecasting […]

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Government’s SME Cashflow Loan Scheme

On 30 April the Government announced the Small Business Cashflow Loan Scheme (Scheme) which will lend funds of up to $100,000 to businesses employing 50 or fewer full-time equivalent employees. This announcement is the latest in a number of significant business support measures that the Government has introduced to mitigate the impact Covid-19 is having […]

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Covid Business Support Funding

Over the next 12 months, businesses will have access to partially funded tailored specialist support services for a variety of issues, such as business continuity planning, finance and cash flow management, HR and staffing. In circumstances where the services are in relation to Covid-19 support, the services can be fully funded. These services will be […]

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Window of opportunity for Healthy Home improvements

COVID-19 has had a massive impact worldwide and the New Zealand government has responded by making a number of short-term changes to the income tax rules to encourage growth in the economy. One of the changes is a temporary increase in the low-value asset threshold from $500 to $5,000 through to 16 March 2021, with […]

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Navigating your way through a Recession

The COVID-19 pandemic is having a significant impact on the world economy at an alarming pace. Economists and politicians are now expecting the rest of the world (including New Zealand) to go into recession. With New Zealand’s and many other countries borders closed, it is timely to ascertain the likely impact this will have on […]

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Wage subsidy guidance for first payroll

The wage subsidy guidelines are evolving daily. We understand some employers are concerned about the potential implications of getting the application wrong, particularly if you have based the application on a forecast position. Here are some thoughts to help you through the process. If you think you meet the criteria, you are entitled to apply […]

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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 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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