Xero Online Accounting Software

COVID 19 - Business Recovery with NZ Govt Assistance
COVID 19 Government with IRD

COVID 19 Government with IRD

COVID 19

Level 2 and your business going forwards
It has been quite a journey over the past few weeks with a number of businesses able to open and some not.
Going forwards it has been a time to rethink how one can change ones focus on improvements to:
* Customer Relationships
* Marketing of your services
* Quote / Job / Invoicing integration with your accounting process
* Budgeting for Cash Flow / Credit Control
* Providing for Taxes
"Our attention to detail and willingness to listen to your needs is extremely important to our company".   
UPDATES from NZ GOVERNMENT - May 2020
COVID-19 Small Business Cash Flow Scheme (SBCS)
The Government has introduced:
The Small Business Cashflow (loan) Scheme (SBCS) to support businesses and organisations struggling because of loss of revenue as a result of COVID-19.
• To be eligible for the SCBS loan a business or organisation must have 50 or fewer full-time-equivalent employees and be eligible for the Wage Subsidy Scheme. They must also have a sound plan to be viable and ongoing and hold information on file to verify this.
• To be eligible for the SCBS loan a business or organisation must have 50 or fewer full-time-equivalent employees and be eligible for the Wage Subsidy Scheme. They must also have a sound plan to be viable and ongoing and hold information on file to verify this.
• Applications will be open from 12 May 2020 up to and including 12 June 2020. Most will receive funds within five working days.
• IRD will administer the payments and repayments of this scheme. Businesses should speak with their financial advisors before taking this loan.
• The loan has a five-year term and must be repaid by 31 July 2025.
• 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. Repayments are not compulsory in the first 24 months.
• In most cases, businesses will be entitled to a loan amount of $10,000 plus$1,800 per full-time-equivalent employee, to a maximum of $100,000.
Details about eligibility criteria and applying for the loan can be found at:
For further assistance and advice with Subsidy etc - please contact us:


We can be reached by:
Email: aps.accounts@xtra.co.nz
Ph: 07 863 4438
Mob: 0274 392737

Mailing Address:
Accounting Payroll Solutions
P O Box 25
WAIHI BEACH 3642
© Copyright 2006 Petemarg Enterprises Ltd., All rights reserved
PO Box 25 Waihi Beach 3642, Western Bay of Plenty, New Zealand.
AccountingPayrollSolutions.co.nz
E-Mail:  aps.accounts@xtra.co.nz