CCH Business Fitness Update 250.2 - June 2020
Latest Content Updates #250.2
Workpapers | Published June 2020
CCH Workpapers add-in – beta version 2.6.2 available now!
Based on your feedback we’ve made a few tweaks and enhancements to the 2020 CCH Workpapers add-in.
CCH Workpaper worksheet updates
We are continually improving and maintaining our worksheets based on changes to legislation and your feedback.
Calculators | Published June 2020
NEW COVID-19 wage subsidy calculation worksheets
Worksheets to capture the Covid-19 wage subsidies and to determine the journal entries required for the 2020 and 2021 tax years.
FIF, Boarding Services and Rural Business calculators updated:
- FIF Calculator: updated to enable claiming of overseas tax credits where FDR is used and the calculator also shows a CV loss
- Private Boarding Services Standard-Costs Calculator: 2020 Weekly standard cost updated
- Rural Business Budget Cashflow Workbook: updated with current values for 2021 year
COVID-19 Business Support | Published June 2020
Updates for the Wage Subsidy Extension and Small Business Cashflow (Loan) Scheme:
- Wage Subsidy Extension COVID-19 FAQ, script and fact sheet
- Small Business Cashflow Loan Scheme fact sheet
Rate changes | Published June 2020
Updates for increases to the standard costs rates for short-stay accommodation and private boarding services providers and increase to the square metre rate for home offices:
- Short-stay accommodation in the home fact sheet
- Renting to boarders in the home fact sheet
- Home used as office expenses report
- Rates and Thresholds table
NEWS FROM TMNZ
Tax Management NZ (TMNZ) are hosting virtual events once a month from May to October. Each month will focus on a different topic that is sure to provide value in a post-COVID-19 environment whether you are a business owner, tax agent or curious to know what the future will look like. Watch previous recordings from Economist Tony Alexander and Richard Owen from Inland Revenue.
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Need more information?
Contact the CCH Business Fitness team:
Phone 0800 10 58 60 Email firstname.lastname@example.org
PO Box 10391, Bayfair, Tauranga 3152
68 Paterson Street, Bayfair, Tauranga 3116