![]() Wage Subsidy COVID-19 - are you catching up with prior year tax filing?
The wage subsidy schemes ensured employers could keep paying their employees, who could stay connected to their employers, even if unable to work their normal hours, during the Covid alert periods. If you received the wage subsidies and are catching up on your tax filing for previous years, have received queries from Inland Revenue, or are under audit from Inland Revenue, you may have queries about your tax position. Let us know if you would like help with this. Make sure your records of wage subsidies received and passed on to employees are complete, as well as any subsidies your business subsequently repaid, to be prepared for any adjustments required in your tax return. For more information, download the guide. |