The Government has launched the Small Business Cashflow Loan Scheme (SBCS) as another measure to assist eligible small-to-medium businesses adversely affected by COVID-19. From 12 May 2020, businesses employing up to 50 full-time staff may apply to the Inland Revenue Department for loans of $10,000 plus $1,800 per employee. What’s involved? the loans accrue interest […]
Small Business Loans to Ease Cashflow Read More »
IRD have announced significant concessions in relation to payment of tax, and we can help you work through how this applies to you and your business. If you are unsure as to whether you should / could pay any upcoming tax payments (including GST and PAYE), then please get in touch with us now. Remember – you
Cashflow Forecasting and IRD Tax Relief Read More »
IRD recently passed legislation relating to ring fencing of residential rental property losses. This could have a significant impact on your tax position for the year ended 31 March 2020, and you need to plan for this now! If your residential rental property is generating tax losses, then the resulting tax refunds (or reduction in
IRD Update – Warning For Our Property Investor Clients Read More »
WHY WE NEED TO ASK YOU FOR INFORMATIONNew Zealand has passed a law called the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (“the AML/CFT Law” for short). The purpose of the law reflects New Zealand’s commitment to the international initiative to counter the impact that criminal activity has on people and economies within
Anti-Money Laundering Act – Why We Need to Ask You for Information Read More »
Given the importance of keeping your PAYE and GST record-keeping and payments in order, it might be tempting to think that Fringe Benefit Tax, or FBT, is a relatively minor thing. But don’t be fooled. In 2017, Inland Revenue created a dedicated audit team to focus on this issue. One of the team’s aims is