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 will not be charged any interest. If you have not yet fully repaid your loan yet, you will be charged an annual interest rate of 3% from the first day of the third year. You have 5 years to pay off the loan. IRD will send you a payment schedule with payment dates and amounts when regular payments are required to be made. Voluntary payments can still be made at any time.  If you default on your loan, it may become immediately due and payable and default interest may be charged.

If you would like more information, this page from the IRD explains all you need to know. If you have further questions, please don’t hesitate to get in touch with your Greenlion advisor.

May 13, 2022


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…

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…