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: Spark, Voda And Telstra To Lay New Trans-Tasman Cable

Spark New Zealand and Vodafone, New Zealand’s two dominant telecommunications providers, in partnership with Australian provider Telstra, will spend US$70 million building a trans-Tasman submarine cable to bolster broadband traffic between the neighbouring countries and the rest of the world. More>>

ALSO:

Statistics: Current Account Deficit Widens

New Zealand's annual current account deficit was $6.1 billion (2.6 percent of GDP) for the year ended September 2014. This compares with a deficit of $5.8 billion (2.5 percent of GDP) for the year ended June 2014. More>>

ALSO:

Still In The Red: NZ Govt Shunts Out Surplus To 2016

The New Zealand government has pushed out its targeted return to surplus for a year as falling dairy prices and a low inflation environment has kept a lid on its rising tax take, but is still dangling a possible tax cut in 2017, the next election year and promising to try and achieve the surplus pledge on which it campaigned for election in September. More>>

ALSO:

Job Insecurity: Time For Jobs That Count In The Meat Industry

“Meat Workers face it all”, says Graham Cooke, Meat Workers Union National Secretary. “Seasonal work, dangerous jobs, casual and zero hours contracts, and increasing pressure on workers to join non-union individual agreements. More>>

ALSO:

Scoop Business: ComCom Charges Hawkins’ Finance Companies Over Debt Recovery

The Commerce Commission has filed criminal proceedings against two finance companies run by former 1980s high-flyer Allan Hawkins over their debt recovery practices. More>>

ALSO:

Science Media Centre: The Big Science Stories Of 2014

It was a dramatic year for science, one that witnessed a severe outbreak of Ebola in West Africa and an historic mission to land a space probe on a comet. On the home front... headlines with animal testing for 'legal highs', 1080 use to tackle increased pest numbers and court action over genetically modified organisms among the most-covered stories. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

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