TMNZ Learning Lab. Tax Pooling 101.
By Tax Management NZ
Date and time
Wed, 13 Nov 2019 9:30 AM - 10:15 AM NZDT
Location
BNZ Partners Centre - Tainui Boardroom
Level 1, 354 Victoria Street Hamilton Central, Hamilton 3204 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 all of the fundamentals that you need to offer your clients options and flexibility on how they pay their provisional tax.