April 14, 2020
Finance Minister, Grant Robertson has made a plea to businesses “to continue to pay their bills to one another. It is very important that businesses that are in a position to do so, continue to pay other businesses, particularly larger business paying smaller businesses. This ensures money continues to flow around the economy and ensure that businesses can remain solvent”. If you are struggling to prioritise your debts, our advice is to have a strategy in place. Make sure it’s clear how you will manage your debtors, you need to decide what is most important to your business in this unprecedented and difficult time.
April 9, 2020
On 3 April 2020, Finance Minister Grant Roberston, and Consumer Affairs Minister Kris Faafoi, announced changes to legislation that will support businesses through the COVID-19 pandemic. For some businesses, the impact of COVID-19 will still lead to liquidation. However, with these changes, it is hoped that others may be able to weather the storm and still be able to continue to trade on the other side.
April 6, 2020
Scammers aren’t known for their community spirit and COVID-19 is proving no exception to this. With large numbers of employees working remotely for an extended period, the cybersecurity risks increase. It is even more important now that you ensure you keep good practices in mind, to keep yourself and your business safe. Nexia New Zealand have summarised below some of the more unusual scams that have shown up due to scammers taking advantage of the COVID-19 outbreak, as well as some more common scams that are being adapted to take advantage of our dramatically changing work environment.
March 24, 2020
With New Zealand’s confirmed COVID-19 cases jumping to 102, the Government announced yesterday that the country will move to Alert Level 4, or lockdown in 48 hours for a period of 4 weeks. With all non-essential businesses now required to close or work remotely in an effort to stop the spread of COVID-19, the impact on business and the economy will be significant.
March 17, 2020
The Government today has released its $12.1 billion rescue package in response to the global impact of COVID-19. The package is significant and will account for around 4% of GDP. Finance Minister Grant Robertson has warned that recession is almost certain, and that it will be a greater shock than the 2008 global financial crisis.
March 16, 2020
Now more than ever, with the rise of automation and timesaving cloud-based apps, your accounting software should be working for you. As technology moves forward with the newest time-saving technology, there are still some businesses who are using dated versions that are no longer supported. This not only puts your business at risk, but also your customer's businesses as well. We’ve created a list of the four signs that your existing business accounting software might need to be reviewed.
March 10, 2020
Last month the Nexia New Zealand team celebrated our annual ‘Fun Day’, an opportunity to down tools and spend time out of the office. This year we decided to spend some of the day giving back to the Christchurch community, working to weed and spread mulch at Te Oranga Waikura.
March 9, 2020
The word is spreading that Nexia New Zealand is a great place to work! Our latest graduates, Ashley Phibbs, Louis James, and Chelsea Jones started with us last week, and they’ve been sharing some of the reasons why they chose Nexia.