ARTICLES

PROPOSED TAX CHANGES The Minister of Finance, Hon Grant Robertson, has announced proposed changes for residential property acquired on or after 27 March 2021. The proposed changes include: extending the bright-line test to 10 years amending the main home exclusion which would require tax to be paid on gains made for periods the property is not used as the owner’s ...
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PROPOSED TAX CHANGES Proposed Changes The following changes will be made to the Small Business Cashflow (Loan) Scheme: Currently no interest is charged if the loan is repaid within one year. This will be increased to two years. Currently the loan can only be used for core operating costs. This will be broadened so that the loan can be used, ...
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CHANGES TO THE TRUST ACT The First Major Trust Law Reform In 70 Years The Trust Act 2019 comes into force on 30 January 2021. Under the act the Trustee obligations have changed. The requirements of a Trustee are higher and more onerous. No longer can trustees plead ignorance to the new Trust laws, as Trustees are now expected to ...
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Packages Designed for SMALL BUSINESS It's difficult for Sole Traders, Contractors & Freelancers to get a good online Cashbook, so Xero have announced an updated small business starter plan. The starter plan is targeted to help get small businesses using an online accounting software without the added cost of the full Xero Package. We offer free training to all of ...
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Connecting XERO to Mailchimp Why If you’re on a Xero Premium plan, you can now sync your Xero smart lists to Mailchimp in real-time. This means you can send pre-populated emails based on set triggers, such as overdue invoices and payment confirmations. No code or design required – just customise the templates and you’re away. Here's some of the most ...
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COVID-19 Wage Subsidy Extension Government has announced a change in criteria from a 50% revenue drop to a 40% revenue drop. This means you must have had a revenue loss of at least 40% for a continuous 30 day period. This period needs to be in the 40  days prior to your application (but no earlier than 10 May 2020) ...
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COVID-19 Business Debt Hibernation The COVID-19 Response (Further Management Measures) Legislation Bill has passed into law and introduces a ‘Business Debt Hibernation’ process. Business Debt Hibernation allows businesses affected by COVID-19 disruptions to place their existing debts on hold for up to 7 months to help them start trading normally again, rather than putting in place potentially irreversible processes such ...
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