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COVID-19

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IRD have introduced a loss carry-back scheme to support customers during the current uncertain economic environment. Businesses making a loss in either the 2020 year or the 2021 year can use that loss to offset profits they have previously made. The loss is carried back to t...
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The government is providing loans of up to $100,000 to help businesses, including contractors and self-employed, experiencing cash flow difficulties. IRD is administering the scheme on behalf of the government, however the loan is not a ‘tax’ product, therefore you must...
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We have recently had a high number of questions relating to the wage subsidy, holiday pay during lockdown (Easter), reconciling Xero and taxes related to the Covid-19 subsidy. Our Frequently Asked Questions (FAQ) below contain answers based on the information available now. ...
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The government has announced a $12bn economic stimulus package to assist with Coronavirus. Here are some of the key tax proposalsThese changes are yet to be passed through law and some of the specific information is yet to be finalised. Most changes are proposed to have an e...
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