May 4, 2020
The NZ Government continues to roll out initiatives to support business through COVID-19. In addition to the tax changes, wage subsidy and consultancy support already available, last week the Government announced their Small Business Cashflow (loan) Scheme. This significant initiative will aid small to medium sized businesses who require a much needed cashflow injection.
April 23, 2020
It’s in these uncertain times that businesses must hope for the best, but also prepare for the worst. There certainly hasn’t been a time in our history when the mantra of ‘Cash is King’ has been so relevant. Accordingly, we offer the following suggestions for managing your cash flow in a crisis.
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.
September 11, 2019
Our Nexia New Zealand Business Insights sessions are always popular. This month Craig Rhodes and Brylie Gray from our Business Advisory team spoke about the importance of cash, and how it can be a critical factor in determining why some businesses fail, and others succeed.