News

Restaurant co-owner jailed for money laundering and tax evasion

A co-owner of a Restaurant chain has been jailed for hiding millions of dollars in cash sales and laundering large amounts of it. The co-owner was sentenced today at the Auckland High Court to three years and two months in prison, plus a $50,000 fine, on nine money laundering charges and 34 tax evasion charges. A former accountant was also sentenced today ...

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Tax Talk Newsletter Spring 2020

Boss burnout: Spot warning signs in yourself From workloads to wellbeing, the COVID-19 pandemic poses many challenges.As a small business owner or manager, it’s important to keep an eye on your stress levels. Learn to spot warning signs and pick up tips to improve your wellbeing. Your health and happiness - and your business - will benefit.No matter how COVID-19 ...

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Businesses must ensure machines are guarded to highest standard

A worker who was seven weeks into his first job has been left unable to return to work after he lost three fingers and part of his palm as the result of a traumatic amputation in unguarded machinery. Yesterday, a business was sentenced at the New Plymouth District Court for failing to ensure the machine was safe for workers to operate ...

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September 2020 Update from Stephen to all our valued clients

Please watch the video below for a message from Stephen to all of our valued clients. Links to the websites referred to in the video below: Do Business online https://www.tools.business.govt.nz/do-business-online?utm_source=Newsletter&utm_medium=email&utm_campaign=BGAugust2020&utm_content=https%3A%2F%2Ftools.business.govt.nz%2Fdo-business-online Boss Burnout https://www.business.govt.nz/news/boss-burnout-spot-warning-signs-in-yourself/?utm_source=Newsletter&utm_medium=email&utm_campaign=BGAugust2020&utm_content=https%3A%2F%2Fwww.business.govt.nz%2Fnews%2Fboss-burnout-spot-warning-signs-in-yourself%2F Statistics NZ https://www.stats.govt.nz/experimental/covid-19-data-portal Disclaimer: The information and advice contained in this video and on this web site is general in nature and does not take into account your personal situation. You should consider whether the ...

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ACC levy rates will continue for 2021/22

The Minister for ACC, supported by the Ministry of Business, Innovation and Employment (MBIE), has announced levy rates will stay the same until 2022.The Minister for ACC has announced levy rates will remain the same until 2022. The Government has made the decision to continue the current levies for the 2021/22 year as part of a set of changes to help ...

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The Reserve Bank expands it's Balance Sheet

The Reserve Bank’s balance sheet will continue to grow as it supports the economy and financial system in response to the COVID-19 pandemic. In a speech to the ANZ-KangaNews New Zealand Capital Markets Forum, Assistant Governor Christian Hawkesby outlined how the Bank is using its balance sheet to achieve its monetary policy mandate of low and stable inflation and full employment, ...

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New wage subsidy, leave scheme protects jobs and businesses

New wage subsidy, leave scheme protects jobs and businesses 930,000 jobs supported by new wage subsidy and existing extension Leave Support scheme simplified to encourage people to get tested  Mortgage deferral scheme extended until 31 March 2021 Workers whose jobs may be affected by the re-emergence of COVID-19 in Auckland will be supported by a new wage subsidy scheme and a simplified leave scheme. The ...

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Further easing in monetary policy delivered

The Monetary Policy Committee agreed to expand the Large Scale Asset Purchase (LSAP) programme up to $100 billion so as to further lower retail interest rates in order to achieve its remit. The eligible assets remain the same and the Official Cash Rate (OCR) is being held at 0.25 percent in accordance with the guidance issued on 16 March. Reflecting a ...

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Tax Talk Newsletter Winter 2020

Time to collect debts We all have a lot of sympathy for the many businesses destroyed by the Draconian measures taken to stamp out Covid-19 from New Zealand. We have suddenly moved into a new business environment. There are going to be those walking a tightrope to survival. Others will desperately try to trade with no real hope of their business recovering. ...

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PGF creates more than 10k jobs, success stories across NZ

More than 13,000 people have been employed so far thanks to the Coalition Government’s Provincial Growth Fund, Regional Economic Development Minister Shane Jones has today announced. The number of jobs created by Provincial Growth Fund (PGF) investments has outstripped the 10,000 jobs target that the Government and Provincial Development Unit (PDU) hoped the fund would achieve. “And it doesn’t stop there,” Shane ...

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