The latest COVID-19 announcement is a $3 billion package for small and medium business. Much of the benefit is not immediate, however we have received a clear analysis of the package from the Employers and Manufacturers Association.

Below is the link to the EMA document which has some useful information:

https://covid19.ema.co.nz/wp-content/uploads/2020/04/15-April-SME-factsheet.pdf

We also note that IRD has clarified their position regarding late payment of taxes. It is not as wide-ranging as the first announcements implied, so please contact our office, as usual, if you are not able to make any of your IRD payments.

We also remind you to document the figures on which you base a claim for wages subsidy, or a decision to defer tax payments, as you may well be called to account for these decisions at a later date.

 

Stay safe and stay well,

The team at Miller Johnson