As part of the New Zealand Government’s $12.1 billion emergency COVID-19 stimulus package, the Government has reintroduced building depreciation deduction claims for property owners with commercial and industrial properties. The deduction claims will be at a level of 2% a year starting in April 2020. This business relief measure will provide property owners with a…
The COVID-19 pandemic is proving to be not only a major health concern for the global population, but also a huge financial concern for businesses and individuals alike. In a time of economic uncertainty and risks of unemployment, here are a few ways you can save money during the coronavirus crisis. Consider changing your savings…
Starting up a business is expensive, and with expenses piling up and income being unstable, many entrepreneurs struggle with managing their finances effectively. Here are some tips to consider when it comes to handling your money. Establish your goalsSetting clear goals for your business’ finances can help you identify areas you need to work on…
As part of the second $66 billion support package in response to COVID-19 and its negative effects on the Australian economy, the Federal Government has expanded tax-free cash payments to small and medium businesses with a minimum payment of $20,000 and maximum of $100,000, up from the previous $2000 to $25,000 range. However, it is…