Updated 1st April 2020
COVID-19 Podcast: Important Update to Business Relief Package
Maggie Jaques, Tax Director at Nexia New Zealand provides an important update to the New Zealand Government Business Relief Package. Maggie provides practical examples and insights to what the changes to the wage subsidies, leave payments, tax changes and financial support packages will mean for your business.
COVID-19 Podcast: Business Relief Package
Maggie Jaques, Tax Director at Nexia New Zealand talks about the New Zealand Governments Business Relief Package. Maggie discusses goes through the wage subsidies, leave payments, tax changes and financial support packages in clear and concise detail. Maggie also answers some of the key questions that we are getting from our clients here at Nexia New Zealand.
COVID-19 Alert Level 4 is Imminent - Business Relief Package Extended
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.
NZ Government's Economic Recovery Response to COVID-19
The Government have 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.
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For clients that are impacted by the economic effects of the COVID-19 outbreak, we encourage you to get in contact with us as soon as possible. The team at Nexia NZ are committed to assisting you and your business get through the upcoming challenges.
You may find the below list of resources helpful as you and your business navigate the ongoing events associated with the COVID-19 virus.
Nexia New Zealand will continue to update these resources as new information becomes available.
New Zealand Government’s Central Resources For Business Support
Employment New Zealand: Workplace Response to COVID-19
Business information: Covid-19 information for businesses
Ministry of Health: Latest updates, information and advice on COVID-19
Ministry of Health: COVID-19 Information for specific sectors
Work and Income: Covid-19 Financial Support
New Zealand Trade and Enterprise: Information for Exporters
NZ Institute of Wellbeing and Resilience: Real-time Resilence Strategies for Coping with Coronavirus by Dr Lucy Hone & Dr Denise Quinlan
NZ Institute of Wellbeing and Resilience: Real-time Resilience: Coping during COVID-19 blogs, videos and downloads.