RECOVER AND REBUILD: COVID-19 CASHFLOW SOLUTION
Jul 15, 2020
2 minutes
BY CHRIS CUNNIFFE, TAX MANAGEMENT NZ
Lockdown severely impacted many businesses’ cashflow. While wage subsidies have been helpful, fixed costs continue – regardless of whether money is coming through closed doors. For those affected by Covid-19, keeping cash in their business until their financial situation improves may require new solutions.
One viable option is tax pooling.
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