Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Take a picture, save money on tax

Take a picture, save money on tax

Taxpayers will be able to find out whether tax pooling can save them money simply by taking a photo of their tax statement on their smartphone.

It is one of three new features Tax Management NZ (TMNZ) believes will further improve the usability of its Pay My Tax app, says chief executive Chris Cunniffe.

The photo functionality lets taxpayers find out if tax pooling can help eliminate IRD late payment penalties and reduce use of money interest on their tax liabilities.

“Because tax is a complex subject and something most people tend to shy away from, we wanted to make getting help as easy as possible,” says Cunniffe.

“This functionality can take away the pain and that whole discomfort for someone looking at their statement and trying to figure it out.”

Taxpayers simply take a photo of their statement and enter their contact details within Pay My Tax.

Once they have sent the photo, someone from the TMNZ customer support team will review the document and get in touch with them.

While the functionality is primarily for those who pay provisional tax, and is not designed to determine whether taxpayers are owed a refund from the IRD, Cunniffe encourages anyone who has received any other tax-related correspondence to use the app to see if tax pooling can assist them.

“They can take a picture of any tax-related document and send it to us. If we can help them, we will.”

Push notifications – which will alert taxpayers about upcoming key tax dates and important updates – and a video tutorial on how to use the app are the other new features.

“The functionality we have created is driven around user needs,” says Cunniffe.

The latest release for Pay My Tax is available for download from the Google Play Store and iPhone App Store.

Pay My Tax allows taxpayers to defer provisional tax payments to a time that suits them – without incurring IRD interest or late payment penalties.

It also lets them reduce the cost on underpaid provisional tax.

TMNZ launched Pay My Tax last year.


© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Scoop Business: RBNZ Starts Talks On Tougher Rules For Property Speculators

The Reserve Bank of New Zealand is stepping up preparations to restrict lending to residential property investors as it watches house prices, particularly in Auckland, continue to rise strongly. More>>

ALSO:

Research: ‘Ageing Well’ Science Challenge Launched

Science and Innovation Minister Steven Joyce today launched the Ageing Well National Science Challenge, confirming initial funding of $14.6 million. More>>

ALSO:

Scoop Business: Govt Resisting Pressure To Pump More Cash Into Solid Energy

Prime Minister John Key says it is “not the government’s preferred option” to make a fresh capital injection into the troubled state-owned coal miner, Solid Energy, but dodged journalists’ questions at his weekly press conference on whether that might prove necessary... More>>

ALSO:

Lagest Ever Privacy Breach Award: NZCU Baywide Accepts “Severe” Censure In Cake Case

NZCU Baywide says that once it was found to have committed a breach of a former staff member’s privacy, it had attempted to resolve the matter... the censure and remedies for its actions taken almost three years ago are “severe” but accepted, and will hopefully draw a line under the matter. More>>

ALSO:

Scoop Business: PayPal Stops Processing Mega Payments; NZX Listing Still On

PayPal has ceased processing payments for Mega, the file storage and encryption firm looking to join the New Zealand stock market via a reverse listing of TRS Investments, amid claims it is not a legitimate cloud storage service. More>>

ALSO:

Housing Policy: Auckland Densification As Popular As Ebola, English Says

Finance Minister Bill English said calls by the Reserve Bank Governor for more densification in Auckland’s housing were “about as popular in parts of Auckland as Ebola” would be. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news