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Insight, news and updates from Alliott NZ Chartered Accountants, Auckland New Zealand. The views expressed here are the views of the author and should be discussed in further detail should an article be relevant to your individual circumstances.

While every effort has been made to provide valuable, useful information in this publication, this firm and any related suppliers or associated companies accept no responsibility or any form of liability from reliance upon or use of its contents.  Any suggestions should be considered carefully within your own particular circumstances, as they are intended as general information only.

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Paying Income Tax to Tax Traders vs the IRD

Written by Vanessa Williams on March 18th, 2020.      0 comments

Using Tax Traders to manage provisional tax payments

From our perspective, there is no downside to using Tax Traders to manage provisional tax payments.

NZD calculatorThere 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

 

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