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Business Continuity

We hope you are all staying safe in your bubbles. At BVO, thanks to good planning and some luck, our team are working efficiently from their bubbles, and in these extraordinary times we continue to operate as near as possible to the new normal. Business Continuity – information to read and consider any gaps you

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BVO Webinar, 6 April 2020 10am – Business continuity and strategies

We will be holding a webinar for our clients and anyone else you think may benefit from working through our business continuity strategies as well as bringing our tax lead, Stephen Rutherford to answer any tax related questions on Monday 6 April at 10am. Please find attached details of a zoom meeting. You are invited

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Kindness and ways to cope in these challenging times –some tips

If you are needing some assistance this factsheet has good information all in one place CLICK HERE

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Minimum wage rise from 1 April 2020, 31 March 2020

Adult workers From 1 April 2020, the minimum hourly rate for an adult worker (i.e. someone who is neither a trainee nor a starting-out worker) is $18.90 per hour. The daily minimum is $151.20, the weekly minimum is $756 and the fortnightly rate (which applies to anyone whose basis of payment — as distinct from

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Wage Subsidy Modifications – Revoke some redundancies?

With the further modifications to the wage subsidy scheme, and the removal of the $150,000 subsidy cap, some employers who have recently made employees redundant have been revoking those redundancies as they are now able to claim the wage subsidy and pass the payment to those employees.  Most employees are likely to be better off

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IRD – Returns during this period

File returns but if you are unable to pay income tax (terminal and provisional ) and GST at due dates IRD will write off Use of Money Interest and penalties if you meet the criteria. The IRD have published the following message to all taxpayers: “If your business is unable to pay its taxes on

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BVO Work Plan

Following the Prime Minister’s recent announcement in relation to Covid-19 the BVO team are now working from home. The team is well set up to continue to provide seamless service and answer your questions.  Many of you will have immediate questions pertaining to the wage subsidy application and business package available.  Please do not hesitate

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COVID-19 Managing Wage Subsidy & Cash Flow Strategies

Whilst it is still uncertain what wider financial impact COVID-19 will have, in order to take a cautionary approach early we suggest that businesses pay close attention to future cash flows and we highlight some key strategies below. COLLECTING DEBTORS Reviewing your debtors ledger and chasing up outstanding debtors. Consider whether debtor financing/factoring might benefit

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