Small business cash flow loan eligibility in China The eligibility criteria for the new Covid-19 related small business cash flow loan facility has now been clarified, with the application process going live on 12th May 2020 and with a number of our clients already having had their request for financial assistance approved. We were already […]
Chris Downing, Director of Inspire, the business and tax advisers, answers your questions. Question: I’m not sure if my business qualifies for the Coronavirus Business Interruption Loan Scheme (CBILS) what other options are available to me? Answer: Over the last few weeks, the government has announced several different coronavirus support measures and help for businesses and self-employed, depending on […]
IR guidance on Covid-19 related GST issues IR has published its view of the appropriate GST treatment in relation to certain Covid-19 events, including cancelled supplies, change of use adjustments and registration cancellations. In summary: Cancelled supplies – where output tax has already been paid on the supply (or conversely input tax claimed) and the […]
The Alert Level 4 response to Covid-19 has seen all but essential workers required to work from home, a requirement which has now continued under Alert Level 3 (unless that is not possible and the workplace can operate ‘safely’), and is recommended once the Country moves to Alert Level 2. For those employees working from […]
Foreward by Andrew Chilvers For companies and individuals looking to move into new jurisdictions for business opportunities, setting up a bank account is a crucial part of the process. But this is never as straightforward as it seems. In all countries, banks are obliged to crack down on fraud and any potential financial scullduggery. As […]
Foreward by Andrew Chilvers For companies and individuals looking to move into new jurisdictions for business opportunities, setting up a bank account is a crucial part of the process. But this is never as straightforward as it seems. In all countries, banks are obliged to crack down on fraud and any potential financial scullduggery. As […]
Foreward by Andrew Chilvers For companies and individuals looking to move into new jurisdictions for business opportunities, setting up a bank account is a crucial part of the process. But this is never as straightforward as it seems. In all countries, banks are obliged to crack down on fraud and any potential financial scullduggery. As […]
At the start of ‘lockdown’, Poole-based Inspire Professional Services launched a programme of free, interactive webinars to support the local business community during the Coronavirus pandemic. The series of webinars, held weekly via Zoom, have covered topics related to the government’s measures to help businesses, including the Coronavirus Job Retention Scheme and the Coronavirus Business […]
IR Overseas Rental Property Interpretation Statements (IS) Still in their draft form, IR closed its public consultation process for three items last week, all related to Overseas Rental Properties. The first is PUB00310(a), which considers the income tax issues arising from ownership of overseas rental properties by NZ tax resident individuals. In my view, this […]
With the growing number of Covid-19 cases worldwide, many countries are now facing severe economic downturn. The uncertainty around uptake in the business cycle has made many companies (across the globe) as potential targets for acquisition by overseas MNCs. This has led Governments of various countries to enter into a protectionist mode by making suitable […]
When the Chancellor, Rishi Sunak, led the Downing Street Coronavirus briefing on Tuesday afternoon, he took the opportunity to reassure the public that although the scale of what the UK currently faced would have ‘serious implications’ for the economy, he said that he believed that the planned economic response is ‘protecting millions of jobs, businesses, […]
HMRC have updated the guidance on the Job Retention Scheme. Or have they…well, in some circumstances! Previously, those employed since 1 March would not be eligible for the scheme, but the introduction of the new date means that anyone in employment from 19 March (the day before the scheme was announced) could now benefit from of the […]