Hey everyone. Are you gearing up for Alert Level 2? So you’re allowed 10 people at your restaurant table. Who would you take? Here’s my list: Me – I feel like I deserve to be there. Debbie (my wife) – in case she reads this. Nana – she’s 99, turning 100 in June. Plus she …
Small Business Cash Flow Scheme & Insolvency Relief Update Read More »
Hey team. Its been almost two weeks since our last newsletter and you’re all probably suffering withdrawal symptoms. So just to ease all the tension, here goes……. Firstly – sorry not to have this out there sooner but it is a busy old time with provisional tax and GST looming on 7 May. It’s also …
As businesses begin to navigate the transition out of Level 4 and households are redefining the new normal, keeping a close eye on costs will be a key consideration. Revenues and household income have taken a hit, and managing expenses is a necessary exercise to maintain business viability and maximise the household budget. Insurance is …
If you had to pay tax of more than $2,500 in your last income tax return, you would have paid provisional tax for the following year. Provisional tax is like paying progress payments on next year’s income tax. The amount you have to pay relates to your expected profit for the year. In practical terms, …
Do these feature on your list of goals? Get rid of pesky admin tasks? Get rid of manual data entry? Well, your wish has been granted! As of 18 March 2020, Xero’s new data capturing tool – Hubdoc is included in Starter, Standard and Premium Plans. Now you’ll be able to easily capture and manage …
Well hey there. Another week and more changes. The government recognizes the huge impact COVID-19 is having on small business survival and is moving swiftly and in an ongoing manner. So we will do our best to keep you posted as details come in on any changes announced and how they relate to you. Please …
Latest Government Support For Small & Medium Businesses Read More »
The emails are coming a bit thicker and faster than expected. Sorry to clog up your emails during lockdown but there’s a lot going on and we need to let you know!! There are a lot of links to information from the IRD site below – some services at the IRD site will be down …
There is much uncertainty in the current COVID 19 Outbreak and Airbnb accommodation has been hit hard. For many it might now seem preferable to change the Airbnb to ordinary residential accommodation as with the current and forecast travel restrictions in place having long term residential tenants could be seen to be the better option. …
Converting Airbnb To Long Term Residential Rental Due To COVID-19 Outbreak? Read More »
Please note that the wage subsidy or leave payment scheme is not administered by IRD but by Ministry of Social Development. Tax Treatment of the Wage Subsidy It is not subject to GST. An order in Council is currently being drafted to treat it as exempt (Section 5(6E)(B) (iii GST Act). The wage subsidy paid …
Did we get your attention?? If you read just one newsletter this year this should be it. They are all good of course but pay special care to this one. Information is rife regarding Corona Virus and the government’s response which can be overwhelming. If there is anything you need to know regarding income tax …
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