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Small Biz Relief on the Horizon | Christchurch News
The government is rolling out major relief for small businesses, including raising the GST registration threshold to let 35,000 tiny firms skip the hassle entirely. Big companies will be forced to pay smaller suppliers faster—invoices under $25,000 must be settled in 15 days—with proof of payment required. Plus, small businesses under $10 million in turnover can now deduct up to $10,000 worth of low-value assets immediately instead of spreading costs over years. But not all changes are universally loved: some worry about ditching a popular asset deduction scheme and question whether a…
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