Reminders

Tax tip: Coming up to your third provisional tax date and had a better financial year than expected?

Tax tip: Coming up to your third provisional tax date and had a better financial year than expected? Lee Stace

If you have had a better-than-expected year and are considering paying extra income tax at your final provisional tax date (P3) to compensate for earlier underpayments, Tax Management NZ (TMNZ) has an alternative method that will further reduce your exposure to IRD interest. We recommend you pay your estimated liability at P3 and purchase the…

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Last chance for clients with 7 February terminal tax date to buy 2015 income tax

Last chance for clients with 7 February terminal tax date to buy 2015 income tax Lee Stace

Clients with a 7 February terminal tax date have until 15 April to purchase 2015 income tax from TMNZ. Inland Revenue (IRD) will reject the use of purchased tax pool funds to settle these liabilities if your clients are more than 75 days past their terminal tax date. To ensure we meet this deadline, please…

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Take the sting out of underpaid 2015 income tax

Take the sting out of underpaid 2015 income tax Lee Stace

Find out how to eliminate IRD late payment penalties and reduce interest costs if you have not paid enough income tax. There is a method approved by Inland Revenue (IRD) that can ease the financial pressure on cashflow if the taxman has charged you late payment penalties and interest on underpaid 2015 income tax. It’s…

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Last date to purchase 2015 income tax for clients with 15 January terminal tax date

Last date to purchase 2015 income tax for clients with 15 January terminal tax date Lee Stace

Please be aware that if you have a 15 January terminal tax date you have until 22 March to purchase tax from Tax Management NZ to settle 2015 income tax liabilities. Inland Revenue will not accept the use of purchased tax pool funds if you are more than 75 days past your terminal tax date.…

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Important tax pooling deadlines to settle 2015 income tax liabilities

Important tax pooling deadlines to settle 2015 income tax liabilities Lee Stace

Please refer to the table below for key tax pooling deadlines of which you need to be aware if your clients need to use tax pooling to settle underpaid 2015 income tax liabilities. IRD will not accept the use of purchased tax pool funds to settle 2015 income tax liabilities if your clients are more…

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Last date to purchase – 7 November terminal tax date

Last date to purchase – 7 November terminal tax date Lee Stace

If your October balance date clients have a 7 November terminal tax date, they have until 21 January to buy tax from Tax Management NZ to settle their income tax liabilities. There is no discretion for late tax purchases to be transferred to IRD if your clients are more than 75 days past their terminal…

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Ease clients’ New Year cashflow worries

Ease clients’ New Year cashflow worries Lee Stace

Tax Management NZ (TMNZ) would like to remind you that it is not too late for clients to defer their 15 January provisional tax payment to a time that suits them if they experience cashflow issues early in the New Year. With rates starting from below the floating mortgage rate, Tax FINANCE is a useful…

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Merry Christmas from TMNZ

Merry Christmas from TMNZ Lee Stace

Staff at Tax Management NZ would like to wish you a merry Christmas and a happy New Year. Our office will be closing at 1pm today and re-opening on 5 January. Thank you for all your support in 2015 and we look forward to working with you again in the New Year.

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Last date to purchase – clients with 7 September terminal tax date

Last date to purchase – clients with 7 September terminal tax date Lee Stace

If your October balance date* clients have a 7 September terminal tax date, they have until 23 November to buy tax from Tax Management NZ (TMNZ) to settle their 2015 income tax liabilities. There is no discretion for late tax purchases to be transferred to Inland Revenue (IRD). Please call TMNZ today to arrange a…

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Flexitax – TMNZ’s most flexible way to pay income tax

Flexitax – TMNZ’s most flexible way to pay income tax Lee Stace

Businesses wanting to ease the burden income tax payments have on cashflow and have greater flexibility around their payments now have another way to pay. They can pay their provisional and terminal tax through Tax Management NZ (TMNZ) via monthly instalments, where they pay what they can, when they can. Tax pooling intermediaries, which are…

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