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Why mentors are worth their weight in gold

2 Minutes to read
Looking to improve your business? Gaining a fresh perspective from someone who's lived and breathed business challenges could be the ticket. We talk to Chief Executive of Business Mentors New Zealand, Sarah Trotman, ONZM, about why having a mentor to listen and provide support and guidance can be invaluable for SMEs.  Read more…

1 Minute to read

The government has announced an extension of a further 8 weeks to the 12 week Covid-19 wage subsidy already in place. 

Applications can't be made until 10th of June.
  • It is available if you are down or expect to be down 50% in revenue for the 30 days (or nearest period) prior to 10/6/20, compared with last year.
  • We would expect the period of May this year would be a suitable substitute if you were not a cash-based business. 
  • First step will be to look at your sales records for May 2019, or the period May 11 to June 9 so you have benchmark.

We'll be sending out further information as the details become clearer.  

14 May 2020 - Information on the Work and Income website's "COVID-19 Wage Subsidy Extension" page states:
A Wage Subsidy Extension payment will be available to support employers, including sole traders, who are still significantly impacted by COVID-19 after the Wage Subsidy ends.
The Wage Subsidy Extension will be available from 10 June 2020 until 1 September 2020.
Visit the Work and Income website for more information.

Disclaimer: The information in this article is of a general nature only, and is not intended to address specific circumstances of any particular individual or entity. Specific advice should be sought from qualified professionals prior to relying on any information received from this article.  

Protect yourself with patents and trade marks

2 Minutes to read

If you've got a new invention, are launching a brand or marketing a new stream of business, it's important to consider whether you need a patent or trade mark. Both take at least six months to process in New Zealand, so the sooner you do your homework, the better.  Read more…

Proof you can profit from going eco on your farm

2 minutes to read

Sustainable business practices are good for the planet and its people, but can you make money from it? Here are three of the 2019 Ballance Farm Environment Award winners, who say – yes you can.


Read more…

Conducting R&D? Cash in!

1 minute to read
Are you conducting research and development on home turf? You could be eligible for a tax credit of 15% on eligible R&D expenditure. The Government have introduced legislation bringing in a new R&D tax credit effective from the 2019/20 income tax year (1 April 2019 for most taxpayers) to encourage more Kiwi businesses to invest in new or improved processes, services or goods. It means innovative companies can receive a tax credit and maybe then have a bit of extra cash to help grow their business when they need it most.  Read more…

Hotmilk a hit on the global stage

2 minutes to read  
When long-time friends Lisa Ebbing and Ange Sloan teamed up to launch fashion-forward maternity lingerie, they had a global brand in mind. Now, just 7% of their business is local with international sales streaming in via their thriving website and the 300 stores across the globe selling their provocative but practical products.  Read more…

Keen to export: know where to start?

2 minutes to read 
Here's what you need to think about before hitting the (overseas) ground running.  Read more…

Business Health Check

1 Minute to read
Visualise, plan and prepare for growth

When you consider every large corporation started out as a small business, the idea of growth is exciting!  Read more…

Financing business growth with provisional tax

1 minute to read

There are several options available when it comes to accessing money to invest in your business.
However, did you know that provisional tax payments are also a source of finance?  Read more…

View from the dashboard: Do you have the whole picture?

We have so much information literally at our fingertips these days. As individuals, our days and nights are punctuated with the ping of social media updates. Businesses receive streams of layered information from news feeds, message boards and email. As a business owner you may now view your transactions on dashboards on a daily basis.

But just because it's in front of you, are you actually taking it all in? If you're on the go the whole time you might just be hitting the highlights. In the flood of information, you may be lulled into missing things that are important for your business.  Read more…

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Office 23 Empire Street, Cambridge 3434
Postal PO Box 680, Cambridge 3450
DX Number DX-GX33347

Phone (07) 823 4900
Fax (07) 823 5900
Email info@gwscott.co.nz

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