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  • Impact on New Zealand Businesses - Coronavirus (COVID-19)

New Zealand business and Coronavirus (COVID-19)

BDO’s offices are open on a business as usual basis. We will maintain social distancing and request our visiting clients/suppliers complete our Track & Trace requirements. For those clients observing a mask protocol, BDO staff visiting you will comply with this.



The impact of COVID-19 on New Zealand businesses and their balance sheets is unprecedented. Although the level and type of threats vary greatly across businesses, executives and boards need to rapidly assess their exposure and prepare response plans to ensure they can generate sufficient cash to survive.

To assist you in safeguarding your business, and keeping your business running, our advisers have developed a range of resources. We cover the following topics:

Information provided was accuate at the time it was compiled. For more information see BDO's legal and privacy policy

 

Call your local BDO Office

Auckland CBD 09 379 2950 East Tamaki 09 274 9340 Takapuna 09 486 2125
Hawke's Bay 06 835 3364 Manawatu 06 358 4163 Christchurch 03 379 5155
Gisborne 06 869 1400 Invercargill 03 218 2959 Kerikeri 09 407 7250
Whangarei 09 430 0471 Rotorua 07 347 9087 Taranaki 06 759 9034
Tauranga 07 571 6280 Wellington 04 472 5850    

 

WAGE SUBSIDY INFORMATION

COVID-19

RESURGENCE WAGE SUBSIDY FAQS

The Resurgence Wage Subsidy is a targeted extension to the original Wage Subsidy Scheme. 

COVID-19

WAGE SUBSIDY EXTENSION FAQS

On 14 May 2020 the Government announced a targeted extension to the COVID-19 Wage Subsidy Scheme. 

COVID-19

WAGE SUBSIDY FAQS

We answer all your questions on what the wage subsidy means for your business.

WAGE SUBSIDY CALCULATOR

This simple calculator has been prepared to assist you with determining what wage subsidies are available.

▶ VIEW ALL WAGE SUBSIDY INSIGHTS

WEBINARS AND PODCASTS

COVID-19

▶ RETHINK WEBINAR SERIES

BDO's RETHINK webinar series will provide you with insights that will challenge your thinking, provide insights to support your resilience and the vision to realise your goals. 

COVID-19

BACK TO BUSINESS WEBINAR SERIES

Our BACK TO BUSINESS series aims to provide you with insights and strategies as you grapple with our new economy, the fallout of COVID-19 and your business recovery.

COVID-19

TIME TO LEAD PODCAST SERIES

The 'Time to Lead' series will bring a number of key strategic discussion points to the table, important to consider when the market recovers from COVID-19. 

▶ VIEW ALL WEBINARS AND PODCASTS

BUSINESS CONTINUITY PLANNING & STRATEGY

COVID-19

EFFECTIVE LEADERSHIP QUALITIES DURING COVID-19 AND BEYOND

We reflect on the key leadership strategies we have seen employed by our clients.

COVID-19

XERO APPS & ADD-ONS

We outline key apps to use with Xero to keep your business humming along.

COVID-19

COVID-19 BUSINESS PLAN

 BDO has developed a risk assessment framework in order to aid key stakeholders in their decision making.

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COVID-19 RISK RESPONSE CHECKLIST

BDO has developed a risk-response checklist, outlying guidance measures to consider.

▶ VIEW ALL BUSINESS CONTINUITY PLANNING & STRATEGY INSIGHTS

SECTOR SPECIFIC ADVICE

COVID-19

FINANCIAL MANAGEMENT STRATEGIES TO COMBAT COVID-19

What are the components of financial management Construction companies should be taking?

COVID-19

FINANCIAL MANAGEMENT & RECOVERY FOR THE TOURISM SECTOR

What strategies and Government relief options are available for those in the tourism sector?

COVID-19

RELIEF PACKAGES FOR THE AGRIBUSINESS SECTOR

We highlight below some of the current relief packages being provided by the New Zealand Government.

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HOW CAN THE CONSTRUCTION SECTOR ADAPT & INNOVATE AFTER COVID-19?

There will be strong opportunities for those able to quickly adapt to both existing and emerging opportunities.

▶ VIEW ALL SECTOR SPECIFIC INSIGHTS

BUSINESS FINANCE GUARANTEE SCHEME

COVID-19

BUSINESS FINANCE GUARANTEE SCHEME OVERVIEW

We dicuss the Business Finance Guarantee Scheme and your businesses eligibilty. 

COVID-19

BUSINESS FINANCE GUARANTEE SCHEME FAQS

We answer all your questions on the Business Finance Guarantee Scheme.

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UNPACKING THE GOVT. ASSISTANCE SCHEME

Read more about the suite of measures introduced to help NZ businesses that have been adversely affected by COVID-19 and what it means for you.

▶ VIEW ALL BUSINESS FINANCE GUARANTEE SCHEME INSIGHTS

IRD AND TAX

COVID-19

TAX FAQS

We answer all your questions on all things tax and what it means for your business. 

COVID-19

ADDITIONAL TAX RELIEF FOR BUSINESSES

We discuss the significant changes to the tax system to assist businesses manage the impact of COVID -19.

COVID-19

EMPLOYEE ALLOWANCES & REINBURSEMENTS FOR HOME OFFICE COSTS

A summary of the suggested tax refunds and subsidies available for reimbursing employees for their home office costs. 

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COMCESSIONARY TREATMENT FOR LATE FILING OF 2019 INCOME TAX RETURNS

Inland Revenue has announced two concessionary policies for 2018/19 income year tax returns that are filed late. 

▶ VIEW ALL IRD & TAX RELATED INSIGHTS

FINANCIAL REPORTING IMPLICATIONS

COVID-19

POTENTIAL EFFECTS COVID-19 HAS ON FINANCIAL REPORTING

Potential effects of the Coronavirus outbreak on year end financial reporting, 2020 reporting periods, and NZ IFRS. 

COVID-19

FINANCIAL REPORTING IMPACTS

We explore the potential financial reporting impacts COVID-19 has had on NZ IFRS.

COVID-19

FACTORS TO CONSIDER TO ENSURE ONGOING AML/CFT COMPLIANCE

Every business’ AML/CFT compliance requirements are the same, but how do you ensure ongoing compliance?

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COVID-19 RELATED LEASE PAYMENT CHANGES (NZ IFRS 16)

What impact has COVID-19 had on lease arrangements (NZ IFRS 16)?

▶ VIEW ALL FINANCIAL REPORTING IMPLICATIONS