COVID-19: Reintroduction of tax depreciation on certain buildings

08 April, 2020 by Denise Hodgkins, Business continuity

On 17 March 2020, the Government announced a package of measures to support businesses through the impact of COVID-19. One of the measures introduced was the reintroduction of tax depreciation on commercial and industrial buildings.

COVID-19: Summary of the Wage Subsidy Scheme and Essential Workers Leave Support Scheme

07 April, 2020 by Robyn Walker, Business continuity

Since first being introduced on 17 March 2020, the Wage Subsidy Scheme has undergone a number of transformations including changes and refinements to the scheme. In this article, we summarise the key features of the Wage Subsidy Scheme and the newly

COVID-19: Fringe Benefit Tax and employment considerations

06 April, 2020 by Robyn Walker, Business continuity

As a result of the lockdown measures the Government has put in place to fight the battle against COVID-19, there are a number of issues arising due to a significant proportion of employees now either working from home or unable to work due to the Ale

COVID-19: Cross-border workers and tax considerations

06 April, 2020 by Joanne McCrae, Business continuity

The COVID-19 Level 4 Alert lockdown has caused uncertainty in many areas of tax, including the taxation and tax residency of individuals who are now highly restricted in their ability to travel internationally to and from New Zealand.

COVID-19: R&D tax credit broader refundability

06 April, 2020 by Simon Taylor, Business continuity

The recently enacted COVID-19 Response (Taxation and Social Assistance Urgent Measures) Act 2020 allows for broader refundability of R&D tax credits for loss making businesses conducting R&D.

COVID-19: Changes to the New Zealand insolvency regime – 6 April 2020

06 April, 2020 by David Webb, Business continuity

On 3 April, the Minister of Finance, Hon Grant Robertson, announced several changes to the New Zealand insolvency regime. These changes came following concerns that a number of well-governed, viable firms had become vulnerable as a result of COVID-19

COVID-19: Business Finance Guarantee Scheme launched

03 April, 2020 by Doug Wilson, Business continuity

On 1 April, the Minister of Finance, Hon Grant Robertson, released further details of the Business Finance Guarantee Scheme (BFGS) which forms part of the package of reforms to support the New Zealand economy during the COVID-19 pandemic.

FAQs on upcoming tax payments in light of COVID-19

27 March, 2020 by Robyn Walker, Business continuity

To help taxpayers understand their upcoming tax obligations, we have compiled a list of commonly asked questions and answers to help you navigate through this difficult time.

COVID-19: Update for businesses 24 March 2020

24 March, 2020 by Robyn Walker, Business continuity

Yesterday, the Government announced significant economic decisions as New Zealand readies for COVID-19 Alert Level 4. We have set out details of these announcements, as they relate to the expansion of the Wage Subsidy, in our latest article.

Deloitte and Safe365

20 March, 2020 by Monika Wakeman,

Against the backdrop of COVID-19, with health and safety top of mind, the Deloitte and Safe365 alliance provides businesses with a comprehensive health and safety solution, ensuring organisations can quickly and easily measure, monitor and improve he

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