• Paul Davies

TOURISM TRANSITION FUNDS ARE AVAILABLE TO HELP YOU NOW AT NO COST TO YOU

Updated: Oct 29



FOR BUSINESS HIBERNATION OR REPOSITIONING YOUR BUSINESS


ONETEAM CAN HELP YOU GET FUNDING TO ASSIST YOU


Covid-19 is still ravaging the world and is not slowing down, the NZ border remains closed and not looking to be opened anytime soon, the Travel and Tourism industry is basically stopped and operators are heading into an uncertain future.

Business Hibernation is definitely one very valid option to consider ensuring that your business debts are managed properly, and personal liabilities are limited to the minimum.

Are you ready to make a Business Hibernation plan, this will ensure that your business is poised to rebound when the time comes?

OneTeam Chartered Accountants is the Travel and Tourism industry expert and our specialist Paul, Manoj, Charlie and Raymond have already helped a lot of clients through these tough times.

One on one training to help your business tackle the Covid-19 crisis and will cover the following at no cost to you:

  • Understand the implication of putting your business into hibernation financially

  • Review all business leases and personal guarantees that are in place

  • Assisting with the negotiation of a commercial lease buyout

  • Review structures in place to protect your personal assets

  • Review all tax liabilities and ensure your business is taking advantage of all available government concessions

  • Set in place a Business Hibernation plan

  • Review existing business structures and processes to trim as much fat as possible to get lean for the recover

This will be delivered through video conferencing software Zoom.

Use our industry models to forecast your financial plans.

We estimate the cost of this is under $5,000 which can be fully funded.

Talk to us, email us (Click here) or access the funds available at:

https://covid19.nzte.govt.nz/page/regional-business-partner-network

A reminder that 31 Dec 2020 is the deadline for the:

Small Business Cash Flow Loan Scheme – obtain up to $10,000 through the IRD.

Business Finance Guarantee Scheme – obtain up to $5 mill for 5 years.