SGCA | Blog

Autumn 2022 Newsletter

April 11, 2022

Omicron Outbreak - Business assistance from government

February 28, 2022

Support Payments / Late IRD Tax Payments/Low or No-Interest Loans, etc

The government has announced three fortnightly Covid 19 support payments. Applications are open for registration from 28th February 2022. The amount of each payment is $4,000, plus $400 for each employee (up to 50 employees). You will need to apply for each...

Covid-19 Business Support - Applications for third payment 'open'

October 18, 2021

A 3rd payment under the RSP scheme is available to eligible businesses and organisations which experience a 30% decline in revenue due to the increased alert levels, for the period starting 1 October 2021 and ending immediately before all areas of New Zealand return to alert...

Business Asset Ruling - Tightened (Inland Revenue)

September 27, 2021

The rules for how business assets are valued, when they are sold as a bundle, is being tightened.These new Purchase Price Allocation (PPA) rules, which come in to force on 1 July, apply to the sale of assets such as commercial property, forestry land or a business.Business a...

Covid-19 Business Support - Applications for second payment 'open'

September 27, 2021

Applications are open for the 2nd Resurgence Support Payment.Businesses and organisations can apply for the second payment even if they have received the 1st payment. Applications for both payments will stay open until 1 month after the whole of Aotearoa New Zealand ret...

Covid-19

August 27, 2021

Covid-19 Business Update (August 2021)

August 26, 2021

The Wage Subsidy Scheme (WSS). The Wage Subsidy will be available to help eligible businesses throughout New Zealand continue paying staff and protecting jobs. To reflect increased wage costs, the payments have been increased to $600 for full-time employees ...

Provisional Tax: avoiding pitfalls

June 25, 2021

Let's take a look

If you are liable for provisional tax and you don't pay, or you underpay or pay late then you may be liable for both penalties and use of money interest (UOMI).Choosing to be a provisional tax payerYou may elect to become a provisional taxpayer. You will be eligible to do th...