Whether your client has overpaid or underpaid their provisional tax, tax pooling can give them a fairer deal.
Provisional tax payment dates do not always fall at a convenient time. There are always competing cash flow pressures and other business expenses to consider.
Through tax pooling, your clients gain full control over when and how they pay provisional tax and save money in the process.
Your clients can use tax pooling to:
- Delay an upcoming tax payment
- Purchase a missed tax payment
- Create a tax instalment plan
- Purchase tax for a reassessment
- Finalise tax for an income year
- Sell overpaid tax for premium interest
- Pull tax back into the business if needed for cashflow.
You can set up an account for your client in less than a minute on taxtraders.co.nz. There are no establishment fees or administrative charges.