Key Tax Dates

Terminal Tax notices (Due 7 April 2022) - We will print and release these notices in the last week of March 2022.

Provisional Tax review - Prior to the 3rd instalment of Provisional Tax falling due, we are able to undertake a review of your last 12 months of trading to consider if your tax payment can, or should be, adjusted either upwards or downwards so it is more in line with what we expect the actual tax to be, especially if there is significant changes to the 2022 trading year.  Once the GST return is completed for the February/March 2022 period we can obtain the appropriate information from your GST records.

If you are scheduled for a Provisional Tax review, you will receive a reminder in early April.  If you would like a review done and you do not receive a reminder then please contact us with urgency and prior to the Easter break.

With the Provisional Tax date coming up, it is a timely reminder to ensure that you pay your taxes on time and in full.  By doing so, this will ensure that we reduce the exposure to possible Use of Money Interest being charged on your Residual Income Tax.  The IRD are now very inflexible in this regard.

Kiwisaver - To be eligible for the full member tax credit of $521.43 you have to contribute at least $1,042.86 a year.  The Government will contribute 50 cents for every dollar of member contribution annually.  If you have not yet contributed the minimum amount we suggest that you arrange a voluntary contribution prior to the beginning of June 2022 to ensure time for your credits to be transferred to your KiwiSaver fund by the due date of 30 June 2022.  Payments can be made in two ways: Either directly to your scheme provider or to IRD by choosing the “Pay Tax” option and including your IRD number, the tax type “KSS”, and recording the period “0” (zero).