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We sent an email last week to provide information regarding some of the initiatives the government has announced to help businesses survive and begin to recover from the effects of the COVID-19 crisis. Since then some some of the details have been changed, and this is a short note to ensure you are up to …

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5th June 2020 …. It’s been good to see the country starting to moving again under alert level 3 and alert level 2. We are all looking forward to alert level 1, when things will return to some sort of normal. This is just a quick note to make sure you are aware of some …

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To assist small businesses with cash flow during the COVID-19 recovery, the government has announced a special Small Business Cashflow Scheme (SBCS) which provides loans on very attractive terms.  Applications will open in 12th May and continue until 12Th June.The loans will be administered by Inland Revenue, and you will need to apply through the MyIR website, which means …

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Many of you will have tax payments due on 7th May. For those of you who are GST registered on a two monthly basis, your next GST return and payment is due on 7th May, and the 3rd instalment of 2020 provisional tax due on the same day. Due to the effects of the lockdown you may have …

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We hope that you and your families are keeping safe during the lockdown, which started almost a week ago.  This situation is unprecedented in our history, and we know that many of our clients are struggling to know how they will find a way through this.  The government is continually changing its coronavirus relief measures, …

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Our office is closed but we are here to help you in whatever ways we can.  We know that the current coronavirus crisis presents very real difficulties for many of our clients.  We will be working from home, however we will continue to answer the phone and respond to emails, so please don’t hesitate to …

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You may be aware that Inland Revenue installed a major upgrade to their computer systems over the Easter period.  This upgrade will result in quite a few changes in the way we relate to IR, and to the information they provide us. It will take a while to work through exactly what this means for …

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Who is affected? Firstly, if you do not employ any staff, then this article does not apply to you. Payday filing is a new requirement from Inland Revenue for any employers who pay wages or salaries with PAYE deducted.  What is Payday filing? From 1st April 2019, Payday filing will be mandatory.  This means that …

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Ringfenced rental losses On 5th December 2018, legislation was introducedinto parliament that will “ring fence” losses from residential rental. properties.This change is likely to have a significant effect for some of our clients, andwe wanted to give you a heads-up. For tax purposes, losses will no longer be able to be offset against other income …

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When you buy or sell a property, you will need to make some decisions about GST. Firstly, on the front page of the sale and purchase agreement, there is a place to indicate whether the price is “plus GST (if any)” or “includes GST (if any)”. Later, before settlement, your lawyer will probably ask you …

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