TMNZ Learning Lab. Advanced Pooling Strategies. 13/08/2019
By Tax Management NZ
Date and time
Tue, 13 Aug 2019 1:00 PM - 1:45 PM NZST
Location
BNZ Partner Centre
61 Constellation Dr Rosedale Auckland, Auckland 0632 New ZealandDescription
Tax pooling is an IRD-approved payment service which has been operating in New Zealand since 2003.
It addresses one of the major problems of the provisional tax system – that is, IRD expects tax pre-payments to be made based on methods and dates it sets. Tax pooling allows taxpayers to pay income tax at a time and in a manner that suits them, at an interest cost that is around 30 percent cheaper than what IRD charges on underpaid/ unpaid tax and without having to worry about late payment penalties.
This session will walk through advanced tax pooling features and benefits for your clients.