July 28, 2020 - Generate Accounting

Coronavirus – Wage Subsidy Extension

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First things first. Applications for the original wage subsidy expire today, Tuesday 9 June. If you haven’t already applied and qualify, do so now. If you want more information on the existing scheme, please click on the link here. Details of the Extension Applications open for the wage subsidy extension on June 10, 2020 at 9am. As […]

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Use of Money Interest Change

Inland Revenue have announced their new Use of Money Interest (UoMI) charges effective from Friday 8 May, 2020. For clients who have underpaid tax, such as provisional tax, the UoMI rate has decreased from 8.35% to 7.00%. We profiled changes to the Use of Money Interest regime in a previous post here. There is more information