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...
TAGS
Choose ACC coverACCbusiness growthRecession HelpRecession TipsGetting Paid FasterGetting PaidDebt RecoveryOnline PaymentsCash FlowSmartlynzaccountantnzaccountingMicrosoft ExcelSpotlight ReportingHubdocaccountinghome officetaxGST Ratioaimnew zealand accountant50% deductible entertainment100% deductible entertainmententertainmentaccounting softwareCofixed assetslow-value assetsWage subsidy resurgenceemployersxeroXero certified advisorXero accountantChartered AccountantWage Subsidy ExtensionSmall Business Cashflow (Loan) Schemeincome relieflow-interest loansWage SubsidySupportGovernmentaccountantsmall business accountantNew ZealandInland RevenueIRDProvisional Tax ThresholdProvisional taxR&Dpukekohe accountantresearch & development tax creditcommercial buildingsSmall BusinessDepreciationIncome TaxCOVID