f
l
TAGS
H

Flexitax - Cashflow for Christmas

Tax Management NZ (TMNZ) have come up with a new payment option to give businesses more flexibility to manage their cashflow and their tax. Businesses that owe provisional tax can pay variable instalments, based on their cashflow at the time. Businesses can pay in instalments for income tax for the current tax year or the one just gone. It wipes late payment penalties and reduces IRD interest costs. TMNZ charges the business interest calculated on the remaining amount of tax owed every month. And the business has until 75 days after their terminal tax date to make their last payment.

Call us on 09 421 9020 to find out more.