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IRD Small Business Cashflow Scheme Loans

Aug 18, 2022

The Small Business Cashflow Scheme (SBCS) was introduced to support small to medium businesses and organisations struggling with a loss of actual revenue due to COVID-19. Applications are still open until 31 December 2023. These loans are interest free for the first two years provided that you do not go into default. The events for default are noted in the SBCS Loan Contract which should have been provided to you by IRD.

If you do not repay in full any amount that you received from the SBCS by the end of the two years since the funds were drawn, you will be charged interest from the date that the funds were drawn not from the end of the two-year interest free period. 

A lot of the original SBCS funds drawn have come to the end of the two-year period since these were drawn. If you did received funds from this scheme, please check your payment due dates or you may find that you have two years of accrued interest added to the balance owing.

by Kate Ward-Smith 20 Mar, 2024
Upcoming Key Tax date's: 2023 Terminal Tax: Due 7th April 2024 Online payments should be made online to: Pay IRD - INC - Year Ended 31/3/2023 March Balance Dates 2024 Provisional Tax Payments 2nd Installment Due 28th March 2024 Online payments should be made online to: Pay IRD - INC - Year Ended 31/3/2024 We will always send tax notices to you a couple of weeks before any payment is due as a reminder. We are sending these notices by email so please ensure you check your JUNK/SPAM mail folder in case they have gone there. If you are paying IRD via Westpac you can make a cash or EFTPOS payment at any Westpac branch or Westpac Smart ATM. You will need your Tax Return or statement barcode, or you can create your own online at IRD on the link below: https://www.ird.govt.nz/managing-my-tax/make-a-payment/ways-of-paying/paying-at-westpac Please note you will need to scroll to the bottom of the page then select “create a barcode”.
by Kate Ward-Smith 20 Mar, 2024
Graham Brown We would like to advise we have reached an end of an era with Graham Brown. He is no longer working for Brown Glassford but is Agri consulting independently from his home office in Ohoka. his new email address is: graham@gcb.co.nz All emails to Graham’s previous Brown Glassford email will be forwarded on until the end of April 2024 Peter Glassford ' Peter has now updated to a new email address, please contact him at peter@pag.nz. He will stop using his Brown Glassford email from Monday 25th March 2024, but any email sent to his Brown Glassford email will be automatically forwarded onto his new email address until the end of June. Contact numbers for both Graham and Peter will remain the same.
by Kate Ward-Smith 19 Mar, 2024
Our office will be closed over the Easter break, closing 5.30pm Thursday 28th March re-opening Wednesday 3rd April at 8.00am, if there are any urgent matters, please get in touch with one of our directors: Dave 021 222 0198 Paul: 021 263 6669 Sam: 027 215 5855 Tim: 027 636 1713
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