The next phase of the laws in the Residential Tenancies Act (the Act) takes effect from the 11 February 2021 (Phase 2). Phase 1 of the reform has been in place since August 2020 which included the change to rent increases being limited to once every 12 months. Updates in Phase 2 include: Security of […]
Phase 2 of the Tenancy Law reform Read More »
Are you worried about our Alert Levels changing? If there is a resurgence of Covid-19, the Government is ready to back NZ businesses. The Government has announced a package to support businesses and individuals in the event of a change in COVID-19 alert levels. The package contains a proposal for a one-off resurgence support payment
Resurgence Support Payment proposed Read More »
The Government launched the Small Business Cashflow Loan Scheme (SBCS) in May to assist eligible small-to-medium businesses adversely affected by COVID-19. They subsequently extended the application period to help businesses and in November announced further changes, expected to take effect by 31 December 2020. Businesses employing up to 50 full-time staff may apply to the
Updates to the Small Business Cashflow (Loan) Scheme – November 2020 Read More »
5 Questions to kickstart your 2021 planning. We hope you all have a break planned that involves being away from work this year. Sometimes the best of plans are created when you are not in your workplace, as you can get a fresh perspective of things and look at your business from the outside in.
Do you need a Strategic Planning process? We can help Read More »
We usually like to send out our 12 Days of (Business) Christmas at around this time each year. The 12 tips below are still relevant and are timely reminders of things employers and business owners need to plan for – especially taking time out for yourself!
The 12 Days of (Business) Christmas Read More »
What you need to know for your business An update to the Privacy Act 2019 comes into effect on the 1st December 2020. The Privacy Commissioner, John Edwards is encouraging organisations to prepare for tighter rules asap. The most significant change to organisations will be the mandatory data breach disclosure: any organisation that suffers a
Privacy Act Update Read More »
More importantly, what can we do for you? At Engine Room, we pride ourselves on being Business Specialists. Although Accounting is a large part of our job function, there is much more we provide than financial accounts. Our approach is to offer more than your average accountant – more than just keeping score. In fact,
What does an Accountant do? Read More »
What you should consider when you want to exit If you are looking to exit your business or have a future intention to do so, you need a plan to get the business ready for sale. When you sell, you want your business to have as much inherent value as possible – so you get
Selling a Business Read More »
Key points to consider when buying a business Buying an existing business can be a great way to get started as a business owner, or to expand operations if you are already running a business successfully. We have recently seen a lot of activity with people buying a business even in these Covid-19 times. Established
Get in Control of Cashflow It’s a well-worn phrase, but cashflow really is the lifeblood of your business. When your cash inflows are greater than your cash outflows, that puts you in a positive cashflow position – giving you the liquid cash needed to trade, improve and grow as a business. But if costs start
Cashflow – ways to improve Read More »
