In these challenging times, it’s important to understand what government assistance is available to support you and your business. The Xero team will go through the programs that have been announced and provide plain language examples to support you.
We will cover the main support available, including:
-Changes to the provisional tax threshold
-Changes to the low-value asset write-off threshold
-The reinstatement of commercial building depreciation
-The Business Financing Guarantee Scheme
-How to apply for an instalment arrangement, and
-The wage subsidy scheme and how to record the subsidy receipt and the leave payments in Xero