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Ashton Wheelans & Midgley Partners

We are pleased to announce that the team at Ashton Wheelans has grown with the addition of Midgley Partners. John and his team are now based in our Christchurch office and will continue to meet their clients accounting needs with the same professionalism and skill that they always have.

We look forward to you being able to meet the new members of the team and are confident that you will benefit from and enjoy the expertise and expanded support we can provide.
Blm

Business Advisory Funding

The Government has allocated additional $40 million of funding to support businesses as they recover from the impact of Covid-19. The Business Advisory Fund has been provided by government to enable businesses to access expert advice and support which is being administered through the Regional Business Partner Network. Business owners can access up to $5,000 excl. GST per business from the Business Advisory Fund. Ashton Wheelans is a fully registered service provider under this fund.

How to register your Business:
Step 1 - Register on the Regional Business Partner (RBP) website, click here
Step 2 - A RBP Growth Advisor will contact you to assess your needs and eligibility for funding.

Eligibility Criteria:

Your business must -
  • Have undergone an assessment with a Regional Business Partner Growth Advisor
  • Have fewer than 100 full time equivalent employees, and
  • Be GST registered in New Zealand, and
  • Have a New Zealand Business Number, and
  • Be operating in a commercial environment; and
  • Be a privately-owned business or are a Māori Trust or incorporation under the Te Ture Whenua Māori Act 1993 or similar organisation managing Māori assets under multiple ownership.
Non-eligible Organisations:
  • Charitable trusts
  • Incorporated societies
If you have any questions or you want to access this funding, give us a call or email RBPFunding@ashtonwheelans.co.nz and we can talk you through it – we’re here to help!
Nzte

Business Support Post-COVID

The below government relief remains open to support you and your business during this time.
  • Wage Subsidy Extension - Applications are open until 1 September
  • Small Business Loan Extension - Applications are open until 24 July
Please refer to our website for further information and don't hesitate to contact us regarding any of these topics should you require assistance or have any questions.

Summary of Tax Relief Available
  • Provisional Tax Threshold - Increased from $2,500 to $5,000
  • Tax Loss Carry Back Scheme - Unlock and refund prior year losses
  • Low Value Asset Threshold - Increased from $500 to $5,000 for 2021
  • Depreciation on Commercial Buildings - Can now claim up to 2%
  • Research & Development Tax Credit - Tax credits can now be refunded
Refer to the link below for further information on these
https://www.ird.govt.nz/covid-19/business-and-organisations


Q1 Financial Review

We have been working closely with many clients reviewing financials and business plans on a very regular basis throughout the year to date, it’s just so critical to have a finger on the pulse in the current conditions – and we’re not out of the woods just yet in terms of economic impacts.

If you haven’t already had a review with us, now is a great time at the end of the first quarter of this financial year to have a review of where you’ve landed in terms of your financial position. This includes reviewing expectations and plans for what you are likely to get out of your business or organisation this year over the years to come – success looks different for many of us than it did 6 months ago. Let’s talk about what this now means and how we can work together to make sure you get there.
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