Support for your banking through COVID-19
Running your business at Alert Level 2
As many Kiwi businesses get back to business at Alert level 2, you may be asking questions about what you should now consider. This checklist might help.
Understanding the guidelines for businesses to operate safely under Alert Level 2.
The Unite Against COVID-19 website has important information on what businesses, including those that engage with customers need to put in place to keep themselves and their customers safe. These include:
- Contact tracing and registering who you interact with at work.
- Ensuring physical distancing is maintained between you and your customers.
- Keeping high standards of workplace hygiene.
Make sure you’re set up for contactless and online payments, and know how to bank from home.
- Contactless payments now easier. We’ve waived the contactless debit transaction fees for small business customersdisclaimer.
- Self-service options for online payments through ANZ Internet Banking or ANZ Direct Online.
- Deposit cash at Smart ATMs or using our Fast Deposit Bags at our 24/7 secure drop boxes.
Do you need to adjust or change your business model or plan?
- Business plan template. A useful planning tool might be our free editable PDF that includes frameworks like SWOT analysis, risk assessment and more.
- Seek advice from an expert. Talk to an accountant or financial advisor to find out if you could make changes to your current business practices, if required.
Consider financial support available to help with cash flow and debt obligations.
Consider what tax relief may be available to you.
The Government has put in place, and proposed, several tax initiatives that may help businesses through COVID-19. The tax measures aim to help with immediate tax compliance and cash flow.
If you employ people, get up to speed with your responsibilities to staff through COVID-19.
There’s useful information for employers about the Government wage subsidy and employees’ leave entitlements at employment.govt.nz.
Consider the free available tools and resources that might help you get back up and running.
- Business calculators. Now might be a good time to review and adjust your cash flow, budgets, and capital expenditure.
- Free access to PwC Cashflow Coach until June 2020disclaimer. If you’re a current Xero subscriber, to help you assess your cash flow position.
- Free access to MYOB Accounting software for 12 monthsdisclaimer. If you don’t currently use an accounting software and aren’t a current MYOB customer.
- 6-months’ free access to SmartPayrolldisclaimer. If you make payroll payments from an ANZ account, and don’t currently use SmartPayroll, this might be a useful tool to manage your payroll obligations.
- 3 months’ free access plus a 15% discount on Expensifydisclaimer. If you have an ANZ credit card and don’t currently use Expensify, Expensify might be a useful solution to reconcile your credit card expenses to help track your business spending.
Articles on Biz Hub:
Small business customers are ANZ Business Banking customers and all customers using ANZ FastPay. Fees for processing credit card transactions still apply. After 30 June, a transaction fee of 0.95% or your current contactless debit fee applies for processing contactless debit card transactions.
Back to topOffers are available for a limited time and terms and conditions apply. Standard charges apply at the end of any promotional period, unless you cancel your subscription. You may need internet access for these services and usual internet fees may apply. These services are provided by third parties and, to the extent the law allows, ANZ doesn’t guarantee or accept any liability the quality of those services or their suitability for your circumstances.
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