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tax purchase

Time running out to buy 2015 income tax

Time running out to buy 2015 income tax Lee Stace

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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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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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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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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Time running out to buy 2014 tax

Time running out to buy 2014 tax Lee Stace

A reminder that clients with a 7 April terminal tax date who have not settled their 2014 tax position have until 15 June to purchase tax from Tax Management NZ (TMNZ). Inland Revenue will not accept the use of purchased tax pool funds to settle 2014 income tax liabilities if they are more than 75 days…

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Not too late to buy 2014 tax

Not too late to buy 2014 tax Lee Stace

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 Lee Stace

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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Provide client value with TMNZ via Reckon APS Tax

Provide client value with TMNZ via Reckon APS Tax Lee Stace

HC Partners LP director Craig Copland recommends more accountants purchase tax from Tax Management NZ (TMNZ) via the Reckon APS Tax system, as it enables them to quickly provide additional value to clients and save them money. Buying tax from TMNZ eliminates IRD late payment penalties and reduces interest costs by up to 30 percent…

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