Keeping you and the business ahead with innovative thinking and deeper insights from the Greenlion team.
If you’re asking where your slice of the Bread & Butter Budget is, you’re not alone. Primarily, business per se weren’t the recipients of much Budget assistance. Those two thirds of the SME Community polled pre-Budget release certainly didn’t have their expectations dashed. That in itself was hardly surprising, given this was a Budget presented […]
Free Money & Key Dates As the new Financial Year is well and truly underway, we thought it a good time to remind you of some of the financial benefits available and ensure you're aware of a few key dates ahead. Do you still have outstanding tax payments due for 2022? We are able to use a […]
As Christmas and Santa approaches and 2022 comes to an end, Greenlion wishes to thank you for all your support during the year. Undoubtedly 2022 has been unprecedented. After learning to manage the effects of Covid, the world has largely resumed transmission. Borders are mostly open, unemployment is low and whilst we are fighting inflation, […]
As you may be aware, on 30 March 2022 a new set of rules around GST tax invoices came into effect. The purpose of this was to simplify GST record keeping. This meant tax invoices no longer remained an absolute necessity when submitting expense claims, with the exception of sellers. It also removed the requirement […]
Just a reminder, if you applied for the Small Business Cashflow Loan (SBCS) in mid 2020, the two year interest-free period will be coming to an end. You should have received a letter from IRD, via MyIR, with instructions on how to repay this. If you have already repaid your SBCS loan in full, you […]
New Reporting Regime Now that we are completing Financial Statements and Tax Returns for clients for the 2022 financial year it’s appropriate to remind you of the increased scrutiny Trusts are receiving from the Commissioner of Inland Revenue Department (IRD). We informed you this would occur back in October 2021. Under the new reporting regime […]
This article is the last in the series of three which discusses estate planning. Our first two articles concentrated on Powers of Attorney and Wills. This article specifically canvasses the value of a Memorandum of Wishes and the types of provisions typically found in such a document. Read on to establish if you need a […]
“What you leave behind is not what is engraved in stone monuments, but what is woven into the lives of others.” Pericles, a Greek Statesman and Legislator was the orator of this insightful quote. He implicitly understood legacies, especially those founded in political power and worldly goods, could be used to benefit and progress society […]
Small Business Cashflow Scheme Recently we have had correspondence from the IRD regarding changes to the Small Business Cashflow Scheme (SBCS). This loan is still available to all businesses that require assistance, including those who have not applied previously. The amount that can be borrowed is now up to $20,000, plus $1,800 per full-time equivalent […]
On Monday the Government has announced further support to businesses impacted by the Red Light Restrictions. COVID Support Payment (CSP) Businesses or organisations who experience at least a 40% drop in revenue or capital-raising ability over a 7-day period are able to apply. Businesses will need to show a 40% or more drop in revenue […]
Introduction If nothing else, the past 18 months has taught the world we are not invincible and planning in key. Part of personal planning is ensuring your estate matters are in order. This means your affairs are well documented, permitting a smooth transfer of assets to your heirs and avoiding unnecessary time and trouble being […]