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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Major change to tax pooling rules
Lee Stace
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Chris Cunniffe. Tax Management NZ CEO Chris Cunniffe explains how an amendment to tax pooling rules will benefit taxpayers with back-year audits or who are involved in long-running disputes with the IRD. I am pleased to advise Tax Management NZ’s clients that the Minister of Revenue, Todd McClay, yesterday announced his intention to introduce amending…
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LAST CHANCE to settle for clients with 7 Feb terminal tax
Lee Stace
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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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