Round 2 of WSS support is now available for businesses affected by Covid-19 and changes have been made to the criteria for eligibility of the RSP.
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A summary of the support measures introduced to help New Zealanders during the Covid-19 lockdown announced on 17 August 2021.
On 1 July 2021, a new law known as the Purchase Price Allocation Rules comes into effect.
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A recent court decision has clarified whether new building repairs and maintenance can be apportioned between tax deductible or non-deductible expenditure.
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In this article we take a look at some of the issues that therefore have to be navigated when shareholdings in companies are moved from individuals to Trusts.
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June Insights with Withers - Buying in Recessionary Times, Recap of Government Relief Scheme, and Edwards Law Employment Specialists with what impact the Wage Subsidy, Extension, and Income Relief have on your business?
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As expected, the government has agreed to extend the wage subsidy scheme for a further eight weeks in addition to the twelve weeks in place currently
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Level 3 Office access in COVID-19, We’re here to help and support you, Tax Updates, Recession Suggestions for Property Investors and Business People . . . Think Cashflow, Cashflow, Cashflow with Withers Tsang
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We see this as strategic by the government because support via the tax system ensures that only businesses that were actually profitable before and paying tax will be able to get any tangible benefit from the measures.
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Employers also need to prove they have taken active steps to reduce the impact of Covid-19 on their business.
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The lockdown has for many businesses become a lockout when it comes to access to commercial premises.
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“I have always been on my own and wanted to be secure in my retirement years and enjoy things like travel. Fortunately I have been a good saver and worked hard to pay down my mortgages. I have done this under the guidance of Withers Tsang who have given me confidence to achieve these goals. What has made it so special is the warm relationship I have with my accountant. He is like a friend who is always available if I need advice and supports me with encouragement. ”