Small Business Cashflow Loans - Changes Announced Nov20
November 13, 2020
IN BRIEF
The Government announces a three-year extension of the application time for the Small Business Cashflow Loan Scheme, and a doubling of the interest free period.Applications for the scheme were due to close at the end of 2020.Other changes include repayment provision...
COVID-19 – Tax loss continuity example
May 22, 2020
Currently, if more than 33% of the shareholding changes the losses of a company are forfeited, what is being proposed is that this is reduced or removed for equity changes. Here is an example provided;
A start-up firm, Conference in the Clouds Limited (CIC) offers microphone...
COVID-19 – Loss carry-back scheme
May 22, 2020
If your business was making a profit the in 2019/20 (2018/19) and now you are forecasting a loss in the 2020/21 (2019/20) year you can “move” some/all of that loss into the previous year and reduce the tax that you paid for this year and get it refunded. Here is an examp...
COVID-19 Wage Subsidy Extension- from 10 June 2020
May 22, 2020
From the 10th of June businesses can apply for the Wage Sudsidy extension.
The Criteria has changed from the initial 12 week one;
Your Revenue for the last 30 days must be 40% lower than the same period last year ie 10th of May 2020 to 10th Jun 2020 compared ...
TAGS
COVID-19 SupportCOVID-19IRD SupportRental PropertySBCS loanBright-lineBrightlineCharitiesCOVID-19 Resurgence Support PaymentCOVID-19 Traffic LightsCOVID-19 Wage Subsidy ExtenstionCOVID-19 Wage Subsidy March 2021ElectricityFinancial SupportInterest DeductibilityIR833IRD LoansLoss Carry Back SchemeRing-fencing rulesTax ChangesTraffic LightsVaccination CertificatesVax CertificatesWage Subsidy