late payment penalties

Relieve winter cashflow pressure

Relieve winter cashflow pressure Lee Stace

The winter months can wreak havoc with your cashflow. So much so, in fact, that sometimes the last thing you want to do is pay provisional tax. Some of those with a March financial year-end can probably relate to this situation, as they will pay their first instalment of provisional tax for the 2015 income…

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A legitimate way for farmers to keep the taxman at bay

A legitimate way for farmers to keep the taxman at bay Lee Stace

Using tax pooling to defer untimely provisional tax payments can save farmers money, as it eliminates IRD late payment penalties and use of money interest charges. In this article, we look at how it might be of use to farmers who are wishing to reinvest in their business. Farmer Joe has a conundrum. Overall, business…

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Five reasons we put tax on an app

Five reasons we put tax on an app Mara Fisher

Apps may be nifty, but let’s face it – in New Zealand they are mainly for games. More and more Kiwis are checking their bank balances on apps, but when it comes to mobile technology – financial transactions are still up and coming. So why did TMNZ release the Pay My Tax app? Read on

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