terminal tax

  • Lee Stace
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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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  • Lee Stace
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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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  • Lee Stace
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Tax pooling deadline for December balance dates
Tax pooling deadline for December balance dates Lee Stace

Please be aware that clients with December balance dates who have not settled their 2014 income tax liabilities must pay for tax purchases before 31 March. There is no discretion for late tax purchases to be transferred to Inland Revenue (IRD). If any of your clients have a 15 January terminal tax date* and still…

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  • Lee Stace
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Overdue terminal tax does not have to be terminal
Overdue terminal tax does not have to be terminal Lee Stace

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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  • Lee Stace
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Last chance to settle 2013 tax liabilities
Last chance to settle 2013 tax liabilities Lee Stace

Those with clients who have a 2013 terminal tax date of 7 April can still purchase tax – but must arrange to do so immediately. 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 have…

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  • Lee Stace
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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 Lee Stace

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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  • Lee Stace
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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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  • Lee Stace
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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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  • Mara Fisher
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Terminal tax – it doesn’t have to be terminal
Terminal tax – it doesn’t have to be terminal Mara Fisher

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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