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terminal tax

Last chance to pay 2017 income tax

Last chance to pay 2017 income tax 5130 3018 Lee Stace

The last chance to pay 2017 income tax through TMNZ  is 18 June. This is for clients with March-September balance dates who have a terminal tax date of 7 April . Due to tax pooling legislation, TMNZ can only assist up to 75 days past your terminal tax date. IRD will not accept the use of…

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Reduce interest costs on audits

Reduce interest costs on audits Lee Stace

TMNZ has recently received a number of enquiries from clients wishing to pay an historic tax liability through us. We would like to remind clients that we can help reduce IRD interest costs by up to 30 percent and eliminate any late payment penalties if they have received a notice of reassessment from IRD due…

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Providing much-needed breathing space

Providing much-needed breathing space Lee Stace

Sara and Steve Owen. Photo: Stuart Munro, Wanganui Chronicle Independent Carbon Brush in Whanganui says TMNZ is a “real godsend”. Here’s how we’ve helped this husband and wife business pay income tax on its terms. The question Sara Owen of Independent Carbon Brush asked her accountant in 2010 sums up how valuable TMNZ has been…

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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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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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Flexitax – TMNZ’s most flexible way to pay income tax

Flexitax – TMNZ’s most flexible way to pay income tax Lee Stace

Businesses wanting to ease the burden income tax payments have on cashflow and have greater flexibility around their payments now have another way to pay. They can pay their provisional and terminal tax through Tax Management NZ (TMNZ) via monthly instalments, where they pay what they can, when they can. Tax pooling intermediaries, which are…

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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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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

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 information for clients with 7 February terminal tax

Important information for clients with 7 February terminal tax Lee Stace

Please be aware that clients with a 7 February* terminal tax date who have not settled their 2014 income tax liabilities must pay for tax purchases before 15 April. There is no discretion for late tax purchases to be transferred to Inland Revenue (IRD). If your clients need to buy 2014 provisional or terminal tax,…

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