3 Things You Should Know Before Filing Your EOY Tax – Post Covid-19
Ticking items off your end-of-year tax checklist? Here are 3 things you should consider, including the new 39% tax rate.
IRD
IRD and Cheque Payments
A reminder that IRD no longer accept cheques but there are other payment options available.
Late Paid Provisional Tax? Talk to Us First!
IRD have recently changed their policy in relation to late paid provisional tax, and the result is potentially expensive for taxpayers. If you late pay a standard provisional tax payment under the safe harbour method or standard option (even by $5 or one day!), the result is you fall outside the safe harbour method, and …
Xero Adds New Features to Help Track Work-Related Expenses
When your staff are working from home, how do you track their work-related expenses and get a clear real-time picture of your finanicals? Contractors are in the habit of recording business expenses related to the home office for tax reasons. Employees, however, do not claim deductions because the employer pays for these expenses. Xero have …
Xero Adds New Features to Help Track Work-Related Expenses Read More »
Small Business Loans to Ease Cashflow
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 …
