Book your 2016 provisional tax review
Before the 3rd instalment of Provisional tax is due for the 2016 tax year, which for most people is 7 May 2016, it makes good sense to reconsider your business activities for the last 12 months and the likely tax cost.
This way you can check to see what the likely tax bill will be and whether it can or should be adjusted, either upwards or downwards.
Participating in this programme will allow you to budget for upcoming tax payments, and can minimise the amount of tax that you are liable for.
Over the next week or so, we will be writing to those clients who have expressed an interest in doing this. If you do not get an invite then please contact the office to see if it is appropriate for you. What you can do to help the process at the outset is plan to complete your February/March GST return very early in April, so that we can uplift the information needed from your GST records.