Customise an income tax payment plan

Arrange a payment plan that suits your clients and their cashflow.

How to customise a tax payment plan

Every taxpayer is in a different position when tidying up their tax affairs for the income year, so there is no one-size-fits-all payment option for finalising a taxpayer’s Residual Income Tax (RIT). At Tax Traders, we offer the most flexible payment options in the market.

How does it work?

Regardless of which calculator you use (RIT, Buy, Finance, QUICKStart), Tax Traders’ industry-leading online tools allow your clients to choose between:

  • Single payment – pay all at once on a date your client chooses.
  • Interest upfront – pay the interest upfront and the tax later for a lower interest rate.
  • Instalment plan – turn the shortfall into a weekly, fortnightly or monthly payment amount.
  • Pay as you go – your client pays what they want, when they want.

Whichever option you choose, our calculators will update the cost so you only pay for what you need. This keeps costs down and allows you to plan with confidence.

Benefits

  • Fully customisable payment options to suit cashflow or other business priorities.
  • Payment amounts/frequency can easily be changed online, at any time.
  • Reduce Inland Revenue debit use of money interest costs and eliminate late payment penalty charges.
  • Retain working capital in the business.

Criteria

  • Tax purchases and finance arrangements must be completed and transferred to Inland Revenue within 75 days of your client’s terminal tax date.
  • Our calculators will guide you through the process around eligibility and timeframes.

Do it all online in just a few minutes