Recently the Government announced more tax changes to assist NZ businesses manage the impacts of COVID-19. These include the Small Business Cashflow Scheme (SBCS) – A one-off loan to businesses impacted by COVID-19, and the Temporary Loss Carry-Back Scheme, which enables businesses expecting to make a loss in either the 2019/20 year or the 2020/21 year to be able to estimate the loss and use it to offset profits in the past year. For more information see HERE
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