Posts

Beyond Covid-19

Well it has certainly been an interesting seven weeks; dealing with level 4 lockdown conditions and then easing into level 3 before finally getting back to a level of normal activity under level 2 conditions. Obviously things will never go back to business-as-usual as it was before Covid-19 raised its ugly head but we are able to get back to business and work on rebuilding our businesses.

Then we had the 2020 Government Budget announcements, a budget designed to make sure as many businesses as possible survive and are able to rebuild in a new economic environment.

Some businesses will never be the same, some will close and others will adapt and grow, taking advantage of the opportunity to revisit how they do business.

We reopen our office on Monday 18th May

with some Covid-19 restrictions in place.

While the office will be open please note Sari will still be working from home for a few more weeks. She is available for Zoom video conference meetings, on her mobile (021-548-489) or by email (sari@savage.co.nz)

Visiting our office

For us our focus will be on helping you as it always has been, the success of our clients is really important to us and to help you we need to make sure we have a workplace that is safe for you and our staff. This means if you do need to come to our office you will notice a few small changes that are designed to meet government requirements for operating under level 2 conditions.

We will have social distancing practices in place, there will be a table at reception for you to leave packages, there will be hand sanitiser readily available, there will be single-use facemasks available for you to use if you are meeting with a staff member and you will be required to register as a visitor to our office for contact tracing purposes whenever you visit, no matter how briefly.

Contact Tracing

We will be using the “I’m Here” contact tracing system, you will need to use your phone to scan a code when you arrive and depart. We have chosen this because it is a simple solution to use, however, our staff will be able to assist if you have any issues using it. There will also be a form to fill in if you don’t have a mobile phone. You can check out the system at www.imhere.nz so you know what to expect when you do visit us.

The Budget

The one Budget item that will have the most impact immediately for many businesses is the announcement of an extension to the Wage Subsidy Scheme.

If your business has suffered a 50% or greater decline in turnover for a two month period then you are able to apply for a subsidy to help you pay staff wages for another eight weeks.

Small Business Loans via IRD

Announced before the budget but included in the overall Covid-19 response package is a loan scheme for SMEs. The scheme (https://media.ird.govt.nz/articles/government-boosts-cashflow-support-for-small-businesses/) for SME’s is to be administered by IRD. This will be interest free for 12 months or low interest for up to five years with no repayments for the first two years if you take the low interest option. It will be administered through IRD and provides for loans of $10,000 per business plus $1800 per employee up to a maximum of $100,000.

While we can’t make the application for you we will give any of our clients up to an hour free time to help you with your application, just email Sari, Anna or Libby to arrange a time to talk.

We hope you are all staying safe and we’re looking forward to talking with you sometime soon.

Covid-19 update – Level 2 & Open for Business

It has been a couple of weeks since we sent you an update and a number of things have happened in that time, prime among the the announcement of the rules that will apply when we head into the Covid-19 Level 2 environment. All businesses will need to alter how they work and it’s important the changes are well thought through as these restrictions are likely to be with us in one form or another for many months to come.

Our offices will be open for business again when Level 2 restrictions come into place.

We are excited to be able to have everyone back at work, albeit with restrictions and changes to how we operate.

Because Sari has an autoimmune condition she won’t be back in the office for a few weeks yet but will still be working from home by email, mobile phone and Zoom video conferencing.

We are currently working on a Covid-19 plan for the office and the biggest impact on you will be when you visit our office, we will have social distancing rules in place you will need to observe. Because a lot of our communication with you is via phone and email our main focus is going to be on ensuring the safety of our staff when we do return.

Government announcements and support

The business environment for the foreseeable future is going to be quite different to what it was before Covid-19 raised its head, every business is going to face challenges and will have to review what it does and how it goes about its business.

The government has acknowledged there will be very challenging times ahead with much higher unemployment (especially from the hospitality and tourism sectors) and it appears to be offering assistance to SME’s (Small to Medium Enterprises) that make up a huge proportion of businesses in this country.

Small businesses that provide services and products to local regions are going to be vital to New Zealand’s economic recovery as we will be less reliant on tourism until our international borders reopen, this could be a number of years away.

Along with various tax changes and the significant wage subsidy the government recently announced a loan scheme (https://media.ird.govt.nz/articles/government-boosts-cashflow-support-for-small-businesses/) for SME’s. This will be interest free for 12 months or low interest for up to five years with no repayments for the first two years if you take the low interest option. It will be administered through IRD and provides for loans of $10,000 per business plus $1800 per employee up to a maximum of $100,000.

This is in addition to various loan guarantee schemes put in place earlier with the banks.

Looking ahead

While we may appear to be over the very worst of the Covid-19 outbreak there is every possibility it could re-emerge as a significant health threat during the winter months so it is important we all do our bit to avoid having to go back into a Level 4 lockdown situation again.

So for the next two years let’s have local and New Zealand holidays and visit places you haven’t been before, you may be surprised at what New Zealand has to offer. And of course shop local, support those businesses that have supported our community for many years and help them stay in business so they can be part of our future too.

In the next week we will be sending an update on what you will need to do if you visit our offices.

Take care and continue to do your bit to keep everyone in our community safe.