Using Tax Traders to manage provisional tax payments
From our perspective, there is no downside to using Tax Traders to manage provisional tax payments.
There is increased cash flow flexibility, lower interest payment rates, higher interest receivable rates and no penalties.
These are just a few of the benefits of paying your income tax into the IRD approved intermediary – Tax Traders. There is also the added benefit of no long wait times with the IRD and/or multiple transfers between teams to convey a solution, saving you our time and cost as well.
Since its inception, we have worked with Tax Traders to ensure that our clients achieve better outcomes than just paying tax to the IRD directly. Now that Tax Traders have no minimum use limits, we would like to highlight this to all our clients.
Should you like to use Tax Traders for your provisional tax payments going forward, please let us know.
For more information please visit this link: https://www.taxtraders.co.nz/public/documents/Tax-Traders_What-Is-Tax-Pooling.pdf