Temporary Loss Carry-Back Scheme
May 21, 2020
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...
TAGS
Tax TipsCashflowCOVID-19GSTTax Efficiency and Business StructureAgBizAccountantsBusiness Health CheckCompany's - tax rate of 28%GST requirementsIncome TaxPay Less TaxStructuresTax ChangesaccountingBorrowingBusiness LoansBusiness lunchesbusiness planningBuying a homeCapital GainsCash and ProfitCompany Tax LossesCrypto 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 GSTTax DeductionTax PoolingTaxable PeriodTrustTrust Act 2019Trust's - tax rate of 33%Understanding Taxvoluntary GST registrationWage subsidy
