🔸New Zealand’s business support package 🔸

This afternoon the Government announced its business support package, noting it is one of the largest packages in the world on a per capita basis.

The $12.1 billion package includes:

Initial $500 million boost for health
$5.1 billion in wage subsidies for affected businesses in all sectors and regions, available from today. Businesses need to show a 30 percent decline in revenue for any month between January and June 2020 and applications can be made here.
$126 million in COVID-19 leave and self-isolation support
$2.8 billion income support package for our most vulnerable
$100 million redeployment package
$2.8 billion in business tax changes to free up cash flow
$600 million initial aviation support package

-A-b-o-u-t-n-e-x-t-A-d-v-i-s-o-r-y

Luke & Phil run the market leading business advisory and accounting practice called nextAdvisory.nz. Accountants + Advice + Personality sums up what you can expect. nextAdvisory helps aspirational business owners get more out of their business by providing them with life changing advice. With practical guidance, innovative technology and a genuine interest in your business, you’ll be winning in no time.

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