7 April terminal tax

Cashflow survival: Dealing with terminal, provisional tax
Cashflow survival: Dealing with terminal, provisional tax 1200 630 TMNZ Blog

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…

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

Time running out to buy 2015 income tax
Time running out to buy 2015 income tax TMNZ Blog

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…

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Not too late to buy 2014 tax
Not too late to buy 2014 tax TMNZ Blog

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…

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Tax pooling deadline for March balance date clients without EOT
Tax pooling deadline for March balance date clients without EOT TMNZ Blog

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…

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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 TMNZ Blog

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…

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Important tax pooling deadlines for December-September balance date clients
Important tax pooling deadlines for December-September balance date clients TMNZ Blog

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…

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Overdue terminal tax does not have to be terminal
Overdue terminal tax does not have to be terminal TMNZ Blog

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…

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Important notice about 2013 terminal tax
Important notice about 2013 terminal tax TMNZ Blog

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…

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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 TMNZ Blog

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…

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