The IRD have advised that if taxpayers are adversely impacted by COVID-19, and they pay the outstanding core tax as soon as practicable that they will automatically write-off any penalties and interest. Support from the IRD: The type of relief available for new debt due to COVID-19 if you are unable to pay your taxes […]
Support from the IRD and Banks Read More »
Updated 26 October 2021. It has been announced that the Government will boost payments to businesses affected by higher alert levels as the country transitions to the new COVID-19 Protection Framework. The next payment of the Resurgence Support Payment will be available to apply for from the 29th October through myIR. This payment will remain
The Resurgence Support Payment Read More »
Stuck in lockdown and feeling frustrated? It could be the perfect time to do some planning. Having a plan, or just a couple of goals, can help you make better business decisions and sort out your priorities.
The perfect time for planning Read More »
Can you make employees take annual leave during lockdown? Can you make them take a pay cut or reduce their hours? We’ve got links to all the information you need to meet your responsibilities as an employer.
Lockdown 101: Leave, Pay cuts, reduced hours – what’s allowed? Read More »
Are you ready for the changes? Trustee compliance obligations are set to increase yet again with the introduction of additional tax information disclosure requirements. Inland Revenue will require additional information relating to a trusts and its activities. This will take effect from the 2021-22 financial year and its intent is to provide Inland Revenue
Trust Disclosure Rules Read More »
**This information is correct as of 20 September 2021 and will be updated as more information becomes available. The Government has approved another wage subsidy and is calling this Wage Subsidy August 2021 #3: Applications for the first two rounds are now closed. Applications for #3 close on the 30th of September 11.59pm. The revenue
The Wage Subsidy clarified – Your Questions Answered Read More »
Do you own a double cab ute and are you exempt from FBT? If you own a double cab ute you may have seen articles recently about whether or not these vehicles are exempt from FBT (Fringe Benefit Tax). All you need to know courtesy of Stuff. Firstly, what is subject to FBT? A
Double cab utes and FBT Read More »
A round-up of the financial support options available for businesses due to the change in alert levels for NZ. This information is correct as of 20th August 2021. We’ll update information as it needs to be.
Covid-19 Business Support and Lockdown Information – August 2021 Read More »
Keeping track of your inventory, the time it takes to sell and the profit made on each product is essential if you want to manage your business effectively. What counts as inventory? Inventory is anything you buy to on-sell, including fully-completed items to sell in your store, products that you install in people’s homes or
Inventory Accounting and why it’s important Read More »
Your profit and loss statement (P&L) helps you understand your business performance and profitability over time. It’s sometimes called an Income statement and its main purpose is to list income and expenditure. Whereas a balance sheet is a snapshot in time, the P&L shows transactions over a specific period of time. This can be a
Understanding your Profit and Loss statement Read More »
