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Keeping you and the business ahead with innovative thinking and deeper insights from the Greenlion team.
Greenlion News
December 1, 2021

Final Support before the ‘freedom’ of the traffic lights…

On Monday the Government announced the support available under the new COVID Protection Framework. They also announced that the final Wage Subsidy and Resurgence Support Payment are now available, along with a new Transition Payment. We have set out more details below.   Wage Subsidy – Round 8 The 8th round of the Wage Subsidy…

Legislative Updates
November 24, 2021

TRUSTS AND BENEFICIARY CURRENT ACCOUNTS

A new world has emerged for Trusts and Trustees alike with the plethora of legislation recently enacted. Both the Trusts Act 2019 and the Tax Administration Act 1994 have dictated Trustees become familiar with statutory duties and compliance obligations. One particular matter likely to require Trustees attention is that pertaining to beneficiary current accounts. This…

Legislative Updates
October 29, 2021

NEW TAX LAW FOR NEW ZEALAND TRUSTS

Trustees have been tasked with satisfying significant statutory duties and heightened compliance obligations with the passing of the Trusts Act 2019 which became operational 30 January 2021.  Those obligations have been further entrenched with the new additional tax information disclosure requirements (Disclosure Rules) imposed by the Commissioner of the Inland Revenue Department, pursuant to amendments…

Greenlion News
October 22, 2021

The goal is 90% – here’s the support package

Todays announcement has certainly given us something to think about and to work towards.  If you haven’t already we do urge you to get vaccinated. Your action now could be the difference for some of our clients coming out with a business intact.  In todays announcement Minister Robertson has shared the path forward as we…

Greenlion News
September 30, 2021

Limitation of Interest Deductibility on Residential Property Investment Released

Earlier this week the Government released draft legislation outlining some detail in relation to the March interest limitation proposals.   The proposals are contained in Supplementary Order Paper No. 64. It is pretty dry and the devil is in the detail so please bear with us.    We have attempted concisely to summarise the key…

Greenlion News
September 10, 2021

A second Resurgence Support Payment is now available

We hope you’re keeping sane at Alert Level 4 and enjoying some ‘freedom’ if you are at level 2. The Government has released further support in the way of a second Resurgence Support Payment. We have summarised the detail below:   Resurgence Support Payment (RSP) When alert levels are raised to Level 2 or above for 7…

Greenlion News
September 8, 2021

Xero Price Rise

From 23rd September 2021, Xero have confirmed they will be increasing the cost of the Xero Starter, Standard and Premium plans.  This increase is is between $1.50 – $3 per month depending on the pricing plan for New Zealand subscriptions with all pricing in NZD and excludes GST.  Due to the nominal increase, Greenlion will…

Greenlion News
August 20, 2021

COVID-19 Support Packages

We hope you’re settling into the routine of Alert Level 4, however that may look for you and your household.  The Government has released further information on the criteria of the support packages. As promised we have summarised these below:  Wage Subsidy The Wage Subsidy Scheme is now available nationwide for those affected. Businesses may apply if…