Inland Revenue

Provisional tax doesn’t have to cause cashflow problems

Provisional tax doesn’t have to cause cashflow problems Lee Stace

Small and medium-sized businesses acknowledge there are times of the year when it is difficult for them to make provisional tax payments due to cashflow issues. Tax pooling can help them manage their provisional tax liabilities without breaking the bank. A recent poll on tax payment practices and tax pooling, conducted by the Employers and…

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KEY INFORMATION: 2013 terminal tax

KEY INFORMATION: 2013 terminal tax Lee Stace

Do not worry if you have missed your 7 April terminal tax deadline. Taxpayers can still purchase tax for 2013 up until 16 June if they need to settle their tax liabilities. However, those with 7 February terminal tax are out of luck. They will not be able to use tax pooling to settle this…

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Manage tax exposure from foreign super scheme withdrawals with tax pooling

Manage tax exposure from foreign super scheme withdrawals with tax pooling Lee Stace

Terry Baucher. Baucher Consulting director and Tax Management NZ client Terry Baucher explains how tax pooling can help manage the tax liabilities of those looking to make withdrawals from foreign superannuation schemes or transfer FSS funds to a New Zealand superannuation scheme or KiwiSaver. The start of the new tax year on 1 April, 2014 saw…

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LAST CHANCE to settle for clients with 7 Feb terminal tax

LAST CHANCE to settle for clients with 7 Feb terminal tax Lee Stace

Those clients with a 7 February terminal tax date who have not settled their 2013 tax position must do so by 22 April. Tax Management NZ (TMNZ) will not be able to help you after that. Please contact TMNZ urgently if clients have not settled their 7 February terminal tax position. Clients with a 7…

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Terminal tax – it doesn’t have to be terminal

Terminal tax – it doesn’t have to be terminal Aaron Ooi

This IRD approved, risk-free way lets you gain more breathing space for your Terminal Tax payment. By using a tax pooling facility, New Zealand law allows taxpayers to delay payment for up to 75 days after the terminal tax date.

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