Update from MBS Advisors
Welcome to the August edition of our monthly update. We have all been kept very busy in the office post lockdown.
We are all feeling very grateful to be in New Zealand as part of the team of five million given the news coming out of Australia and other parts of the world.
While we have interesting times ahead on the homefront with New Zealands General Election and Referendums taking place 19 September.
Below Credit Jeffrey Harris’ painting ‘Within The Tides’, oil on linen, 1986
Digitalising our Communication We would like to introduce HelloSign.
HelloSign allows you to securely digitally sign documents without having to print them off first. All you need to do is check your emails and follow the instructions.
In an effort to reduce delays we are becoming more digitalised. This means that if you have email, we will be emailing your GSTs and Annual Accounts to you instead of by post.
Together with the introduction of HelloSign for signing documents, we think it will help reduce delays and make your life easier.
If you have any queries about these changes, please do not hesitate to contact us.
Are you still using cheques? Do you pay your bills by Cheque? If you are a BNZ customer you may have already been advised that by July 2021 cheques will be no more.
For us here at MBS Advisors, it will mean that we will no longer be able to accept your cheques from July next year as a form of payment for fees. We do however have plenty of other options available with direct debit being our preferred option.
If you would like to set up direct debit, pop into our office or contact us and we will walk you through the process.
Wage Subsidy Extension & Small Business Loans Wage Subsidy Extension
Applications close 1 September 2020. You can apply to cover the wages of your employees over an 8 week period. You can apply for the Wage Subsidy Extension for your employee, even if you haven't applied for the Wage Subsidy for them before.
If you need any assistance in compiling the details please get in touch with one of our team.
For further details see the link below. Small Business Cashflow Loan Scheme
The Small Business Cashflow (Loan) Scheme (SBCS) has been introduced to support businesses and organisations struggling because of loss of actual or predicted revenue as a result of COVID-19. They must have 50 or fewer full-time-equivalent employees.
Inland Revenue will administer the payments and repayments of this scheme. Applications close 31 December 2020.
Eligible businesses and organisations are entitled to a one-off loan. The maximum amount loaned is $10,000 plus $1,800 per full-time-equivalent employee.
The annual interest rate will be 3% beginning from the date of the loan being provided. Interest will not be charged if the loan is fully paid back within one year.
For further information please contact us or go to the link below
Check out our website for our latest blogs and follow us on social media |