Monetary Policy easing to continue

The Monetary Policy Committee agreed to continue with the Large Scale Asset Purchase (LSAP) programme aimed at keeping interest rates low for the foreseeable future. The LSAP quantum remains set at $60 billion. The assets included are New Zealand Government Bonds, Local Government Funding Agency Bonds, and NZ Government Inflation-Indexed Bonds. The Committee is committed to reviewing this quantum at ...

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Fewer People to face end of year Tax Bills

The Government is moving to ease financial stress for around 149,000 taxpayers by changing the rules around write-offs for tax debt. “Fewer people will have tax bills to pay this year,” said Revenue Minister Stuart Nash. “Inland Revenue’s end of year automatic income tax calculation process for individuals is currently underway and is expected to run until early July. It is the ...

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Workplace Operations at Alert Level 1

All business can operate at Alert Level 1. Here are the golden rules for businesses at Alert Level 1. At Alert Level 1 everyone can return without restriction to work, school, sports and domestic travel, and you can get together with as many people as you want. It's still important to keep basic hygiene measures, including washing your hands and coughing or ...

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Govt Extends Support Schemes for Businesses

Extra 40,000 businesses to be eligible for wage subsidy extension Small business cashflow support application period extended The Government is today announcing further support for businesses that continue to be affected by the global COVID-19 pandemic, as the broader economy becomes one of the most open in the world following the success of New Zealand’s public health efforts. A change in criteria for ...

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June 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 . 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 information is appropriate to your needs, and where appropriate, seek professional advice from ...

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