54. What are the rules for NZ businesses at Alert Level 3?

September 21, 2021

Chris Lynch, Managing Director Lynch & Associates Limited

Make sure you know how your business can operate safely under the alert level for your region and be ready to respond if the level changes. If you are struggling to meet compliance obligations due to Covid 19, talk to us. We are here to help.

53. COVID-19 Business Support - New update

September 20, 2021

Chris Lynch, Managing Director Lynch & Associates Limited

Support measures have been updated again to help businesses that have been adversely affected by COVID-19. We can help you understand what's available and help you keep your records in good shape for your tax return

52. Lockdown leave, pay cuts, reduced hours: what’s allowed?

September 7, 2021

Chris Lynch, Managing Director Lynch & Associates Limited

Can you make employees take annual leave during lockdown? Can you make them take a pay cut or reduce their hours? We’ve got links to all the information you need to meet your responsibilities as an employer.

51. Are you eligible for the Wage Subsidy COVID-19?

September 2nd, 2021

Michelle Thompson, CA, Head of Tax & Compliance, Lynch & Associates Limited

Has your business been adversely affected because of the alert level increase announced on 17 August 2021? Let us know if you'd like to discuss your eligibility for the Wage Subsidy.

50. Covid19 Business Support UPDATED

August 31, 2021

Chris Lynch, Managing Director Lynch & Associates Limited

Following the recent outbreak, support measures have been updated to help businesses that have been adversely affected. We can keep you up-to-date. If you've already applied, we can make sure your records are in good shape for your tax return.

49. Using the right resident withholding tax

August 30, 2021

Chris Lynch, Managing Director Lynch & Associates Limited

Tatiana Gakhovich, Associate CA

New Zealand tax residents will have resident withholding tax (RWT) deducted from interest and dividends earned from New Zealand bank accounts and investments. The bank or fund manager will deduct the tax before it is paid to the taxpayer.

48. Eligibility for the Resurgence Support Payment

August 25, 2021

Tasneem Mukadam, CA, Lynch & Associates Limited

The Resurgence Support Payment assists small businesses to cover expenses when there is a move to Alert Level 2 or higher for a week or more. We can help with your application. Get in touch.

47. Recap: Covid Support for Businesses

August 23, 2021

Chris Lynch, Managing Director Lynch & Associates Limited

There is financial support for businesses at level 4 – find out what you’re eligible for and how to apply. We are here to help you and your business. Get in touch.

46. Covid-19 August 2021 - help for employers

August 20, 2021

Chris Lynch, Managing Director Lynch & Associates Limited

Confused about what measures are still available to help support businesses affected by COVID-19? We can keep you up-to-date. Here are answers to the frequently asked questions.

45. Covid-19 vaccinations and your employees

April 16th 2021

Chris Lynch, Managing Director Lynch & Associates Limited

Covid-19 vaccinations are on their way – what are your obligations as an employer? Employment New Zealand has released some guidelines to help employers understand their role in the vaccination process.

44. Covid19 Business Support update

April 16th 2021

Chris Lynch, Managing Director Lynch & Associates Limited

Confused about what measures are still available to help support businesses adversely affected by COVID-19? We can keep you up-to-date. And, if you've already applied, we can make sure your records are in good shape to support your tax return.

43.   Managing cashflow and accessing funding

March. 5th 2021

Chris Lynch, Managing Director Lynch & Associates Limited

Need help with cash flow or government funding? We’ll help you crunch the cashflow numbers and access the best funding – removing some of the worry, during these testing times.

42.   Is your business eligible for the Resurgence Support Payment?

March. 3rd 2021

Chris Lynch, Managing Director Lynch & Associates Limited

The Resurgence Support Payment is a new payment scheme launched to assist small businesses to cover expenses as wages and fixed costs, when there is move to Alert Level 2 or above for a week or more.

41.   Is your business ready for hybrid working?

March 1st, 2021

Camelia Petrus, Head of Business Development

Want to embrace the future of work? Talk to us about reviewing your business model, software systems, and people strategy to help you get ready for hybrid working. 

40.  Small Business Cashflow Loan Scheme

February 2021

Chris Lynch, Managing Director Lynch & Associates Limited

New criteria for the Small Business Cashflow Loan Scheme (SBCS) now allow for more businesses and organisations to apply.

See the guide to the SBCS and the eligibility requirements here.

39.  A Snapshot of Life at Alert Level 1

October 6th, 2020

Camelia Petrus, Head of Business Development

Chris Lynch CA, Managing Director, LAA

Controls at the borders remain for those entering New Zealand. This includes health screening and testing for all arrivals, and mandatory 14 day managed isolation or quarantine.

38.  Is your business eligible for more Government funding?

October 1st, 2020

Camelia Petrus, Head of Business Development

Chris Lynch CA, Managing Director, LAA

Your business may be eligible for more Government funding or cashflow loans. Talk to us about your business. We are here to help.

37. Thinking of Buying a Business? Things to Consider

September 22nd, 2020

Camelia Petrus, Head of Business Development

Chris Lynch CA, Managing Director, LAA

Looking to buy a business? Good independent advice will ensure you make an informed investment. We can give you assistance in analysing the financial performance and potential of the business, so you can make the best decision possible.

36. Selling your business? Make a plan

September 21st, 2020

Camelia Petrus, Head of Business Development

Chris Lynch CA, Managing Director, LAA

If you’re looking to sell up, you will need a plan. Come and talk to us about creating a workable exit strategy, so you get the best return for your business.

35. The obvious and unexpected benefits of having a personal budget

September 2nd, 2020

Chris Lynch CA, Managing Director, LAAL

Having a personal budget is essential to gaining control of your personal finances. Budgeting doesn’t necessarily mean restriction; it frees up your money, so you know exactly what’s available to spend. 

34. Employers: Ensure the impact of COVID-19 is reflected in your ACC levy 

August 27, 2020

Michelle Thompson, CA

ACC have made it easier than ever for employers to update their forecasted 2020/21 payroll with them.

If you employ staff, have recently reduced or are forecasting a reduction in your payroll, either let us or ACC know before ACC send your 2020/21 ACC provisional invoice.

33. Wage Subsidy Extension and Resurgence Wage Subsidy

August 26, 2020

Chris Lynch CA, Managing Director, LAAL

If you’re still significantly affected by COVID-19, you may qualify for a Wage Subsidy Extension or the 2-week Resurgence Wage Subsidy. Talk to us to find out if you are eligible. Applications close soon.

32.   Managing change in your business

August 20th, 2020

Camelia Petrus, Head of Business Development

Chris Lynch CA, Managing Director, LAA

70% of change projects within a business fail. And the biggest factor for success is employee engagement. Get the team onboard.

31. Dealing with uncertainty – tips for business owners

August 19, 2020

Camelia Petrus, Head of Business Development

Chris Lynch CA, Managing Director, LAA

Uncertain about the impact of COVID-19 on your business? Come and talk to us. We’ll help to remove some of the uncertainty with a strategy that prepares you for a post-coronavirus market.

30. Facing challenges? Change your mindset

June 22nd, 2020

Camelia Petrus, Head of Business Development

In today's world, we are constantly having to tackle new things and learn new skills. It can be overwhelming,... if you let it. Next time you feel like saying ‘I can’t do it’, replace it with ‘I can’t do it, yet’.

29. Never has the entrepreneurial spirit had to burn brighter

June 17th, 2020

Chris Lynch CA, Managing Director, LAAL

They say never waste a good crisis and, if there is a better way to do a thing (think stale processes), find it now, when the fan is already covered in proverbial. Don’t just struggle along with your pre-Covid product plans, they’re likely irrelevant and could hinder your recovery. Now is the time to let your entrepreneurial spirit burn bright!

28. Key numbers to focus on in your business now

June 12, 2020

Errol Burn, CA, Director, Lynch & Associates Limited

What are the key reports to focus on in your business? We'll show you how to track performance, take action and prepare your company for surviving the new business normal.

27. How to Up-sell and Cross-Sell in Retail 

June 4th, 2020

Chris Lynch CA, Managing Director, LAAL

With the current retail climate, it’s more important than ever to provide satisfying value and maximise sales. One way to accomplish this is to increase your store’s average basket size through upselling and cross-selling.

26. Your income tax return is due 7 July

June 4th, 2020

Michelle Thompson, CA

Your income tax return is due soon. If you do not have an extension of time your income tax return is due 7 July. Ensure you file your return on time to avoid late penalties. If you have a Tax Agent your Agent has until 31 March of the following year by which to your file your return. We are Registered Tax Agents with the IR. Talk to us today about how we can help you with your tax obligations.

25.How to write engaging content for your marketing

June 4th, 2020

Camelia Petrus, Head of Business Development

Want to kickstart your company’s content marketing? Get to know your audience and keep them engaged with top-quality blogs, social posts and email campaigns. 

24.The New Way to Pay Tax

May 28th, 2020

Michelle Thompson, CA

The ways tax is being payed are changing. When you make payments at a Westpac branch or Smart ATM, you now need to have a barcode to ensure the payment goes to the right place.

23. Lessons from the lock down

May 28th, 2020

Camelia Petrus, Head of Business Development

Lockdown has been tough and continues to impact businesses. For some, it uncovered new priorities though. What lessons did you learn from this enforced period of business shutdown? And what will you be continuing in the 'new normal'?

22. Small business loans to ease cashflow

May 21st, 2020

Errol Burn, CA, Director, Lynch & Associates Limited

To help eligible small-to-medium businesses adversely affected by COVID-19, the Government has launched the Small Business Cashflow Loan Scheme (SBCS). For more about the eligibility criteria and terms of the loan read this article for you that highlights:

21. Discounting in the post Covid-19 world

May 20th, 2020

Chris Lynch CA, Managing Director, LAAL

According to Research New Zealand, in a new poll, taken online just one week before we entered Alert Level 2 restrictions (New Zealand moved to Alert Level 2 at 11:59 pm on Wednesday 13 May) respondents gave a clear message that they were looking forward to regaining their freedom.

20. The 'Rebuilding Together' 2020 Budget

May 15, 2020

Chris Lynch CA, Managing Director, LAAL

Finance Minister Grant Robertson is also Sports Minister and I have noticed he likes using rugby analogies in his finance and budgeting strategies. The rolling maul remains one of the most devastating weapons that can be used on a rugby field, a coordinated collective of....

19. NZ Govt announces the 2020 Drought Recovery Advice Fund

May 14th, 2020

Chris Lynch, Managing Director

The 2020 Drought Recovery Advice Fund is to help farmers recover from the 2020 drought, and plan for future droughts. The fund is open for applications between 11 May and 12 June 2020. Talk to us about your business.

18. Getting Business Ready for Level 2

May 11th, 2020

Chris Lynch, CA, Managing Director

Camelia Petrus, Head of Business Development

Often we focus on things that don't matter and things that don’t matter and things that are beyond our control which results in wasted time and wasted opportunities. Knowing which things to focus on is key to getting what we want.

17. How to create a cash flow forecast for your business

May 5th, 2020

Chris Lynch, Managing Director

A good cash flow forecast will show you how long your business can weather a storm. Once you have the data in one place it will also help with every business decision. Get in touch to create a cash flow plan today.

16. Wage Subsidy – are you wondering what to do?

May 4th, 2020

Chris Lynch, Managing Director

We would like to bring some light over the subsidy criteria and rules as there had been some confusion.

Here are four out of many questions I have been asked:

15. More Business Support Fact Sheet

April 29th, 2020

Chris Lynch, Managing Director

Michelle Thompson, CA

New relief measures announced to boost confidence and help small and medium-sized businesses get through. Talk to us about how these changes could support your business recovery.

14. Requesting payment of overdue accounts in a crisis

April 22nd, 2020

Chris Lynch, Managing Director

Camelia Petrus, Head of Business Development

Cash must continue to flow and you must continue enforcing your Terms of Trade. Triage customers and offer options for those severely impacted. A change of approach is needed; empathy and flexibility now will pay off later.

13. Getting your Business Ready for Level 3

April 21st, 2020

Chris Lynch, Managing Director

Camelia Petrus, Head of Business Development

At 11.59pm on Monday 27th April our nation moves from Alert Level 4 to Alert Level 3.

We want to keep you alert and invite you to utilise this time to get ready, so have prepared the following for you, business owners:

11. Wage Subsidy – Your obligations as an employer

April 20th, 2020

Chris Lynch, Managing Director

The wage subsidy comes with specific conditions. Make sure you are providing accurate information and meeting your obligations as an employer to keep your business afloat. Talk to us. We are here to help. 

10. Audits under COVID 19

April 17th, 2020

Chris Lynch, Managing Director

Chris Hickey, CA

The COVID-19 pandemic has just made our job a whole lot more complex because it will have many different effects on the profit and not for profit sectors. Revenue recognition is always a focus for us as Auditors as any misstatement will lead to an incorrect surplus or deficit being reported.

09. Latest Government announcement on COVID-19 support for businesses

April 14th, 2020

Chris Lynch, Managing Director

Michelle Thompson, CA

The Government has announced a suite of new measures to provide relief for businesses during the COVID-19 pandemic.

Chief among the action points announced is a tax loss carry-back scheme. A tax bill will be introduced later this month (April) to enable this.

08. COVID-19 wage subsidy: tax consequences

April 7th, 2020

Chris Lynch, Managing Director

The Government’s 12-week wage subsidy (available for both employees and the self-employed) is paid in one lump sum to the employer.

The tax treatment for the employer is as follows:

07. Wrap up: all you need to know about the Government’s COVID-19 wage subsidy scheme

April 7th, 2020

Chris Lynch, Managing Director

The wages subsidy is available for businesses that have experienced a 30% decline in revenue (actual or predicted) that is related to COVID-19 for any four weeks between January and 9 June 2020 compared to the year before. To qualify for the subsidy, the business must:

06. Unite Against Covid-19 - Getting the help and support you need

April 1st, 2020

Chris Lynch, Managing Director

We are pleased to forward these attachments to you as requested by Mark Goldsmith - Regional Commissioner for Social Development – Auckland/ Tāmaki Makaurau - Ministry of Social Development. 

05. Wage Subsidy guidance for first payroll

March 31st, 2020

Chris Lynch, Managing Director

The wage subsidy guidelines are evolving daily. Some employers are concerned about the potential implications of getting the application wrong particularly if you have based the application on a forecast position. 

04. Tax payments and employment law issues

March 26th, 2020

Chris Lynch, Managing Director

Suggested wording to IRD for clients unable to meet tax payments. To protect clients and bring them within the new UOMI remission rules, Mark Keating – Tax Barrister has recommended any client who is going to default on a tax liability (including PAYE) should....

03. Bill Passes Through all Stages

March 26th, 2020

Chris Lynch, Managing Director

The Government’s Bill introduced under urgency on Wednesday 25th March 2020, has now passed through all stages. The Bill, which is part of the Government’s economic response to the pandemic...

02. Q&A wage and leave subsidy payments Covid-19

March 23rd, 2020

Chris Lynch, Managing Director

IRD has released the Government’s Covid-19 wage and leave subsidy payments. As a result many of you have been asking questions.

These Q&As should be on the IRD’s website next week, at which time we will forward you all the link. 

01. Changes and Our Commitment to You

March 23rd, 2020

Chris Lynch, Managing Director

Following very recent developments and advice issued by the New Zealand government, our team are now effectively working remotely from home.