Accountants Plus

Common Tax Due Dates 2015/2016

Income Tax

7 July 2015 // 2015 tax return due to be filed for those without extension of time
28 August 2015 // 1st provisional tax instalment payment due for 2016
15 January 2016 // 2nd provisional tax instalment payment due for 2016
7 February 2016 // terminal tax due for payment for 2015 for those without extension of time
31 March 2016 // 2015 tax return due to be filed for those with extension of time
7 April 2016 // terminal tax due for payment for 2015
7 May 2016 // 3rd provisional tax instalment payment due for 2016

GST

28 June 2015 // Apr-May 2015 GST return and payment due
28 August 2015 // Jun-Jul 2015 GST return and payment due
28 October 2015 // Aug-Sep 2015/Apr-Sep 2015 GST return and payment due
15 January 2016 // Oct-Nov 2015 GST return and payment due
28 February 2016 // Dec-Jan 2016 GST return and payment due
7 May 2016 // Feb-Mar 2016/Oct-Mar 2016 GST return and payment due

PAYE

Returns and payment due on the 20th of the following month, each month.
For any other tax due dates (such as those businesses without a 31 March balance date) please call Accountants Plus on 04 974 5056.

in Key Dates / Taxation

The Statement of Financial Performance (AKA the ‘Profit & Loss’!)

The purpose of this report is to show all your taxable income and expenses so we can work out how much profit you have made, and what tax you have to pay on that.

This report feeds into your tax return for the year – your client manager will usually show you this in your end-of-year meeting.

There are also some calculations we can do from this report that will help you see things like your business model type, profit drivers, and efficiency.

in Terms Explained

Calling all Employers

The adult minimum wage will rise from 1 April 2015: it will go from $14.25 an hour to $14.75 an hour.

Don’t forget there are some savings as well though…ACC levies will decrease by an average of 5%.

Have you budgeted these factors in for the new year?

in Business Advice

IRD Reminder

You may have received a text message from the IRD recently about tax being due on the 7th of April. This reminder is a new IRD initiative!

We just wanted to let you all know that this reminder is in relation to 2014 income tax. It is the final payment to wash-up any tax still due for the 2014 tax year.

We sent out the bulk of our payment reminder letters this week so you should receive them shortly with the amount you need to pay. Any questions please contact your client manager or reception on 04 974 5056.

in IRD / Taxation