7 April terminal tax Archives | Tax Management New Zealand

Lee Stace
April 1, 2019
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Cashflow survival: Dealing with terminal, provisional tax

Cashflow survival: Dealing with terminal, provisional tax https://www.tmnz.co.nz/wp-content/uploads/2019/02/Cashflow-squeeze-1200x630.jpg 1200 630 Lee Stace Lee Stace https://secure.gravatar.com/avatar/f49aa15ec0cf374c0a01e6c2d1099979?s=96&d=mm&r=g April 1, 2019 April 1, 2019

The months of April and May can really tax your cashflow. Let me explain. On 7 April, IRD expects you to pay terminal tax for the 2018 income year. Terminal tax means a taxpayer did not pay enough provisional tax for the previous year. As such, they need to square up the difference. To make…

Lee Stace
April 4, 2017
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Sort 7 May provisional tax

Sort 7 May provisional tax Lee Stace Lee Stace https://secure.gravatar.com/avatar/f49aa15ec0cf374c0a01e6c2d1099979?s=96&d=mm&r=g April 4, 2017 April 19, 2018

TMNZ can help clients pay 7 May provisional tax on their terms while eliminating late payment penalties and reducing interest costs.

Lee Stace
June 13, 2016
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Time running out to buy 2015 income tax

Time running out to buy 2015 income tax Lee Stace Lee Stace https://secure.gravatar.com/avatar/f49aa15ec0cf374c0a01e6c2d1099979?s=96&d=mm&r=g June 13, 2016 July 12, 2019

Clients with a 7 April terminal tax date have until 15 June to purchase 2015 income tax from TMNZ. Inland Revenue will not accept the use of purchased tax pool funds to settle 2015 income tax liabilities if your clients are more than 75 days past their terminal tax date. In order for us to…

Lee Stace
May 21, 2015
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Not too late to buy 2014 tax

Not too late to buy 2014 tax Lee Stace Lee Stace https://secure.gravatar.com/avatar/f49aa15ec0cf374c0a01e6c2d1099979?s=96&d=mm&r=g May 21, 2015 July 12, 2019

Please be aware that March-September balance date clients with an extension of time who have yet to settle their 2014 income tax liabilities have until 15 June to buy tax from Tax Management NZ (TMNZ). If any of your clients have a 7 April terminal tax date and need to buy tax, log in to…

Lee Stace
April 13, 2015
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Tax pooling deadline for March balance date clients without EOT

Tax pooling deadline for March balance date clients without EOT Lee Stace Lee Stace https://secure.gravatar.com/avatar/f49aa15ec0cf374c0a01e6c2d1099979?s=96&d=mm&r=g April 13, 2015 July 15, 2019

Please be aware that March balance date clients without an extension of time (EOT) who have yet to settle their 2014 income tax liabilities have until 15 April to buy tax from Tax Management NZ (TMNZ). If any of your clients have a 7 February terminal tax date and need to buy tax, log in…

Lee Stace
April 8, 2015
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Missed paying 7 April terminal tax? There’s no need to worry

Missed paying 7 April terminal tax? There’s no need to worry Lee Stace Lee Stace https://secure.gravatar.com/avatar/f49aa15ec0cf374c0a01e6c2d1099979?s=96&d=mm&r=g April 8, 2015 July 15, 2019

You do not need to worry if you missed paying terminal tax for the 2014 income year on 7 April. Tax pooling can be used up to 75 days after your terminal tax date to settle 2014 provisional and terminal tax liabilities. Buying tax from Tax Management NZ (TMNZ) can eliminate Inland Revenue late payment…

Lee Stace
March 18, 2015
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Important tax pooling deadlines for December-September balance date clients

Important tax pooling deadlines for December-September balance date clients Lee Stace Lee Stace https://secure.gravatar.com/avatar/f49aa15ec0cf374c0a01e6c2d1099979?s=96&d=mm&r=g March 18, 2015 July 15, 2019

Tax Management NZ (TMNZ) would like to remind you that Inland Revenue will not accept the use of tax pool funds to settle your clients’ 2014 income tax liabilities if they are more than 75 days past their terminal tax date. Below are some key dates of which you need to be aware in the…

Lee Stace
March 17, 2015
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Overdue terminal tax does not have to be terminal

Overdue terminal tax does not have to be terminal Lee Stace Lee Stace https://secure.gravatar.com/avatar/f49aa15ec0cf374c0a01e6c2d1099979?s=96&d=mm&r=g March 17, 2015 July 15, 2019

Terminal tax – what is it? You may have heard your accountant or bookkeeper mention ‘terminal tax’ before, but what does it actually mean and why is it important to be aware of it? Terminal tax is the difference between what you have paid to Inland Revenue (IRD) in provisional tax over the previous income…

Lee Stace
June 5, 2014
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Important notice about 2013 terminal tax

Important notice about 2013 terminal tax Lee Stace Lee Stace https://secure.gravatar.com/avatar/f49aa15ec0cf374c0a01e6c2d1099979?s=96&d=mm&r=g June 5, 2014 August 8, 2019

Those with clients who have a 2013 terminal tax date of 7 April can still purchase tax – but must do so by 16 June, 2014. Tax Management NZ (TMNZ) has a plentiful supply of tax available to save your clients late payment penalties and Inland Revenue (IRD) use of money interest should they not…

Lee Stace
May 28, 2014
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Reduce the cost of paying late terminal, provisional tax with tax pooling

Reduce the cost of paying late terminal, provisional tax with tax pooling Lee Stace Lee Stace https://secure.gravatar.com/avatar/f49aa15ec0cf374c0a01e6c2d1099979?s=96&d=mm&r=g May 28, 2014 August 8, 2019

Anyone who has been hit hard by Inland Revenue (IRD) late payment penalties and use of money interest (UOMI) for unpaid or underpaid tax knows how crippling this can be. It’s the last thing you want to happen. However, using tax pooling to settle income tax liabilities reduces your exposure to late payment penalties and…

7 April terminal tax