Using your home to buy an investment property.
If you own your own home, you may be able to invest in residential property. How? Using your equity. Equity is the difference between your home’s value and the amount of your mortgage. For example, if your home is valued at $800,000 and you owe $500,000 on the house to…
COVID-19 Wage Subsidy Extension
From 10 June until 1 September 2020, if you have been affected by Covid-19, you can apply for the Wage Subsidy Extension payment, announced in this year’s Budget. Like the 12-week Wage Subsidy (which ended yesterday), the Extension is so you can keep paying your staff, keeping them in your…
Carrying over the positives from lockdown.
Lockdown and the subsequent restricted ‘levels’ of operation continue to be tough for businesses. Suddenly, the office was empty, employees were spread across various home locations and crucially sales and revenue evaporated for most in the blink of an eye. We had to evolve, and quickly. Teams got used to…
Budget 2020: What’s in it for business
Here are some highlights for business from today’s budget. More info can be found at www.beehive.govt.nz. More detail is still to come from the Government, and when it does we are happy to talk with you about what could specifically benefit you. Wage subsidy extension: applications open June 10; The…
Small Business Cashflow Loan Scheme
The Government has announced a new Small Business Cashflow Loan Scheme, targeting those who have a viable business but have been put in a position of not generating any revenue. Legislation authorising the Inland Revenue to administer the scheme was passed on Thursday 30 May, with the terms not available anywhere…