Our Roar

Keeping you and the business ahead with innovative thinking and deeper insights from the Greenlion team.
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June 2, 2022

Small Business Cashflow Scheme – 2 Year Anniversary Update

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…

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May 13, 2022

INLAND REVENUE’S INCREASED SCRUTINY OF YOUR TRUST

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. You can read the article…

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March 22, 2022

Estate Planning: A Three Part Series Preparing well for the road ahead – Part 2

“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…

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March 15, 2022

SBCS – Further information released from the IRD

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…

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February 24, 2022

New COVID Support Available

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…

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January 21, 2022

Do you need a floating facility?

The Government recently made changes to the Credit Contracts and Consumer Finance Act 2003 and the Responsible Lending Code which came into effect on 1 December 2021.  Although these changes were made to protect vulnerable borrowers from increasing penalties and irresponsible lending, we are seeing a flow on effect to lending for homeowners, small businesses,…