Small Business Cashflow (Loan) Scheme - Updates
November 25, 2020
The Government recently announced some changes to the Small Business Cashflow (Loan) Scheme.
Key changes:
- The interest free period has increased from 1 year to 2 years.However, it is key to note the interest free period is only applicable if the loan is repaid within the 2...
Low-value assets temporary threshold of $5,000
October 17, 2020
Did you know the low-value asset threshold has increased temporarily from $500 to $5,000? If you have purchased, or are planning to purchase any fixed assets between the dates 17 March 2020 and 16 March 2021, that are $5,000 or less, you can expense them in full in the peri...
"Government support is still available to businesses affected by COVID-19, ranging from low-interest loans to tax refunds. Find out what you qualify for and how to get it."https://www.business.govt.nz/news/covid-19-support-for-small-businesses/?fbclid=IwAR34j32Dmrp7fwZlekirJ...
From the IRD:"In the last few months, a number of changes have been made to help businesses during this time. For more detail on each of the below, talk with your tax agent, or visit www.ird.govt.nz.- The provisional tax threshold has increased from $2,500 to $5,000. Th...
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