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

 

Half Empty: Fonterra's 2017 Opening Forecast Below Expectations

Fonterra Cooperative Group raised its forecast farmgate milk payout for next season by less than expected as the world's largest dairy exporter predicts lower prices will crimp production and supply will pick up. The New Zealand dollar fell. More>>

ALSO:

Pest Control: Mouse Blitz Team Leaves For Antipodes

The Million Dollar Mouse project to rid Antipodes Island of mice is underway with the departure of a rodent eradication team to the remote nature reserve and World Heritage Area. More>>

Gongs Got: Canon Media Awards & NZ Radio Awards Happen

Radio NZ: RNZ website The Wireless, which is co-funded by NZ On Air, was named best website, while Toby Manhire and Toby Morris won the best opinion general writing section for their weekly column on rnz.co.nz and Tess McClure won the best junior feature writer section. More>>

ALSO:

Pre-Budget: Debt Focus Risks Losing Opportunity To Stoke Economy

The Treasury is likely to upgrade its forecasts for economic growth in Budget 2016 next week but Finance Minister Bill English has already signalled that more of his focus is on debt repayment than on fiscal stimulus or tax cuts... More>>

ALSO:

Fulton Hogan's Heroes: Managing Director Nick Miller Resigns

Fulton Hogan managing director Nick Miller will leave the privately owned construction company after seven years in charge. The Dunedin-based company has kicked off a search for a replacement, and Miller will stay on at the helm until March next year, or until a successor has been appointed and a transition period completed. More>>

ALSO:

Gordon Campbell: On Electricity, Executions, And Bob Dylan

The Electricity Authority has unveiled the final version of its pricing plan for electricity transmission. This will change the way transmission prices (which comprise about 10% of the average power bill) are computed, and will add hundreds of dollars a year to power bills for many ordinary consumers. More>>

ALSO:

Half Empty: Fonterra NZ, Australia Milk Collection Drops In Season

Fonterra Cooperative Group says milk collection is down in New Zealand and Australia, its two largest markets, in the first 11 months of the season during a period of weak dairy prices. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news