Column by He Waka Eke Noa supplier member Dave Saunders of Aro Advisers Ltd.
Alert Level 2
Just in case you missed it; in a widely anticipated move, the Government has announced that we are going to progressively move to Level 2 starting on Thursday the 14th of May. For a lot of businesses, this will come as a huge relief but it also does mean that this is where the hard work begins.
Covid-19 has become among other things, a workplace health and safety issue. So as a person conducting a business or undertaking (that’s you), you have a legal responsibility to make sure you have adequate controls in place to protect yourself, your staff, your customers and the general public. The ‘new normal’ is going to be quite different – keeping social distancing in place at a café or in a retail setting will come with some challenges – but at least for now, it is our reality.
If your business is going to reopen under Level 2, we recommend going through Worksafe’s “Operating safely at Alert Level 2 – what you need to think about”. It comprehensively covers off what you need to do regarding operating safely and has links to industry specific advice.
Small Business Cashflow Loans
Today marks the first day that the Small Business Cashflow Loans (or SBCS for short) are available. These are administered by IRD, so they are the organisation providing the information and platform on which to apply.
To apply, you will need to have a myIR login for your business – this is a login to the IRD’s online platform. If you don’t have one, here is a short video of how to set one up: https://www.aroadvisers.com/watch/
If you want to know more about these loans, what the T’s & C’s are and how much you can borrow, check out this link: https://www.ird.govt.nz/covid-19/business-and-organisations/small-business-cash-flow-loan
If you want to check if your business is eligible to receive one of these loans, have a look at this: https://www.ird.govt.nz/covid-19/business-and-organisations/small-business-cash-flow-loan/eligible-businesses-and-organisations