NZ Budget 2021: An accountant’s take

The ‘Wellbeing Budget’ announced yesterday may have arrived in a pretty fancy looking folder, but the shine could be wearing off for small business owners.

On Thursday, Finance Minister Grant Robertson alighted on the steps of Parliament brandishing a glossy looking folder embossed with a map of New Zealand.

For small and medium businesses still struggling with border restrictions and high levels of uncertainty, what Robertson has dubbed the ‘Wellbeing Budget’ appears to overlook this economic powerhouse in favour of welfare benefits.

Let’s take a look at some of the notable key measures and see how they stack up.

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