Tag: Tax
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New government funding and financial support – 29 October
[vc_section css=”.vc_custom_1590572438805{margin-bottom: 0px !important;padding-top: 0px !important;}”][vc_row css=”.vc_custom_1586774289616{margin-bottom: 0px !important;}”][vc_column][vc_column_text css_animation=”none”] Covid-19 Financial Support Update [/vc_column_text][gem_divider margin_top=”10″][vc_column_text css_animation=”none”] Wage Subsidy August 2021 #6 [/vc_column_text][gem_divider margin_top=”10″][vc_column_text]Applications for the sixth COVID-19 Wage Subsidy August 2021, known as Wage Subsidy August 2021 #6, are open for two weeks between 9am, 29 October and 11.59pm, 11 November 2021. Applications for…
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Resurgence Support Payment (RSP) – Round 2 – August 2021
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Resurgence Support Payment (RSP) – Round 2 The Minister of Finance has announced a second payment of the Resurgence Support Payment (RSP) for the alert level increase that started on 17 August. The announcement says businesses will need to show a 30% or more drop in revenue in a 7-day period from 8 September until…
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Wage Subsidy – Round 2 and Resurgence Support Payment (RSP) – August 2021
Round 2 of the wage subsidy and updated Resurgence Support Payment (RSP) for August 2021 level 4 have been announced and started. Resurgence Support Payment (RSP) With updated criteria From 9 September 2021, if you’ve been in business for at least 1 month before the alert level increase on 17 August 2021, you can apply…
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2021 Law Changes Summary For Businesses
2021 law changes summary From sick leave updates to new investment property rules, we’ve gathered this year’s law changes into one place. Check out this summary to see what applies to your business. Sick leave changes When: From 24 July 2021 What: The number of sick leave days employees are entitled to will increase from five to…
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Investment property – Law updates and some tips for maximising returns
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Recent tax changes will impact residential Investment property investors. Here are some tips from experts on how to make the most of your investment properties.
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Minimum wage rises by $1.10 on 1 April 2021
[vc_section css=”.vc_custom_1590572438805{margin-bottom: 0px !important;padding-top: 0px !important;}”][vc_row css=”.vc_custom_1586774289616{margin-bottom: 0px !important;}”][vc_column][vc_single_image image=”25615″ img_size=”” alignment=”center”][vc_column_text css_animation=”none”] Minimum wage rises by $1.10 on 1 April 2021 [/vc_column_text][gem_divider margin_top=”10″][vc_column_text]The minimum wage is going up from $18.90 to $20.00 an hour on 1 April 2021. Here’s what you need to do. When: 1 April 2021 What: The new minimum wage rates,…
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Housing policy update – Bright-line test extended, interest deductibility and more
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The Government has released a package of housing policies aimed at increasing the supply of houses and curbing demand by investors. Here is a summary of some of the changes: Bright-line test extended from 5 to 10 years property acquired on or after March 27 People who buy and sell a property within 10 years…
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Working in the real estate industry – Business expenses
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Working in the real estate industry – Business expenses Business expenses Business expenses are: Day to day expenses (revenue expenses) for the running of your business like petrol for your vehicle or your monthly mobile phone plan which can be claimed in the year of purchase. Assets you purchase (capital expenses) like a vehicle or…
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Black Arrow’s Updates January 2021
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Happy New Year! 2020 was surely an unforgettable year for most of us. It left behind many questions without answers and losses without recovery. However, it doesn’t mean we as businesses will surrender. Black Arrow Business Studio and our clients have survived one of the most historically severe recessions in history and we are here…
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Covid-19 – Small Business Cashflow (Loan) Scheme deadline extended
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Government has announced a six-week extension for the Small Business Cashflow (loan) Scheme (SBC). Applications opened on 12 May 2020 and can now be submitted up to and including 24 July 2020. All other conditions remain the same. For details of the loan conditions visit: www.ird.govt.nz/covid-19 The loan is providing relief to eligible businesses experiencing…