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UOMI Remission

April 14, 2020
IRD has issued guidelines for the remission of UOMI on tax obligations due after 14 February 2020. To qualify, you must satisfy the department that you are physically unable to make their payment when it’s due because of COVID-19 or that you are struggling financially to p...
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As we enter into Week 4 of the COVID-19 lockdown, client’s thoughts will move to “what will my business look like?” and how to fund the cashflow to get it back up to recovery. Any business that was successful pre COVID-19 will be successful post COVID-19, it is just a ...
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For the first time in many of our collective memories, New Zealand has imposed restrictions on our personal freedoms that we may ever see again. While the reason is noble, it has forced many businesses to look internally to their own systems and business continuity plans. Fr...
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In the ever-evolving world of COVID-19, the government have announced a number of different changes for company directors that will assist with companies surviving the post COVID-19 trading era. The proposals are not intended to be long-term but to assist with the companies ...
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With many clients applying for the wage subsidy, Karl (our Tauranga partner) has developed some Q&A’s for our clients as part of a presentation to business owners. What are the Governments Expectations? There is a requirement to pay staff 80% of their wages if the business...
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After the collapse of Mainzeal in 2013, which sent shockwaves through the construction industry, resulting in changes to the Construction Contracts Act that required the retentions from a contract to be held in trust. It does not need to be held in a specific trust account, ...
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When I first started out in accounting, which I can say was last millennium, the basics of accounting that we learned was the double-entry system of accounting. Everything had to balance and journals were the normal accounting process. Technology has changed (and change is t...
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The Company Secretary was a role that all companies were required to have before the Companies Act changed in 1993. Now the position is seen as a redundant position, especially with a large number of smaller companies being used as a commercial vehicle. But is the role of th...
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At a recent seminar on technological disruption in the business environment, an interesting fact was that in 10 years, Airbnb had gathered the same number of beds as the Marriott hotel chain (the 3rd largest in the world at 1.33million), but the Marriott chain started in 192...
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How often have we heard of Construction companies failing followed by the statement, “why”? The businesses are often expanding, have a number of projects on the go, and seem to be doing well. However, the Construction industry is often so project-focused that Owners don...
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