April 7, 2020
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. ...
COVID-19Tax TipsCashflowGSTAgBizAccountantsGST requirementsIncome TaxPay Less TaxTax Efficiency and Business StructureBorrowingBusiness Health CheckBusiness LoansBusiness lunchesBuying a homeCapital GainsCash and ProfitCompany Tax LossesCompany's - tax rate of 28%Crypto TaxCryptocurrencyCryptocurrency Taxdeductible for taxEntertainment TaxFarming Deductions for Home OfficeFinancial expenditureFirst Home BuyerHome OfficeHome Office Expenses for Business OwnersHybrid BasisInterest DeductionInvoice BasisLoss Carry-BackLossesParents Gifting to ChildrenPartnership - taxed at each partner's marginal taxPayments Basisregistered for GSTStructuresTax ChangesTax DeductionTax PoolingTaxable PeriodTrust's - tax rate of 33%Understanding Taxvoluntary GST registrationWage subsidy