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Daily Archives: 17 September 2020

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Managing losses with the new carry-back scheme

Managing losses with the new carry-back scheme

TaxBy BDS Hughes17 September 2020Leave a comment

The IRD has introduced a temporary loss carry-back scheme to provide financial support to businesses expecting to make a loss in the 2020 or 2021 income years. Under the temporary loss carry-back scheme, businesses can carry losses made in 2020 (or predicted to make in 2021) back to the preceding income year to offset them…

Small Business Cash-flow Scheme extension

Small Business Cash-flow Scheme extension

BusinessBy BDS Hughes17 September 2020Leave a comment

In response to continuing financially uncertain times for small businesses, the Government has extended the Small Business Cash-flow (loan) Scheme (SBCS) to the end of 2020. Applications for the Scheme opened on 12 May 2020 and can now be submitted up to and including 31 December 2020. What is the SBCS? The SBCS was introduced…

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