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 Stewart & Co Blog

IRD To Stop Accepting Cheques

The IRD have announced that from 1 March 2020 they will no longer accept payment by cheque, or cheques dated after 1 March 2020, from customers who are able to pay another way.

Here is a summary of the other payment options

  • MyIR: Direct debit and card payments can be made from your myIR account.
  • Online Banking: One-off or scheduled recurring payments can be made using online banking. 
  • Money Transfer: Clients based overseas can pay IRD using a money transfer service.  Search for "Make a payment" on the IRD's website for more information. 
  • Credit or Debit Card via The IRD Website: Payments can be made by credit or debit card through the IRD's secure payment website.  Go to www.ird.govt.nz and search for "Make a payment" and select "Pay using credit or debit card".
  • Westpac: EFTPOS or cash payments can be made at any Westpac branch or Smart ATM.

For more information on these options and for details on what references to use, please visit the IRD website. 

If you need any help getting started with online banking please check with your bank or local community group if they offer free digital banking courses.  

As always, if you have any questions, do not hesitate to contact us.  

Tax Payment Dates Over the Christmas Period

Pay Day Filing & PAYE Payments

With the introduction of Pay Day Filing this year for those who pay salary and wages we have had some clients querying what they are to do over the Christmas break.  If you are filing your Pay Day returns electronically with the IRD they are due normally within 2 workings days of the date your employees were paid. 

However, the IRD have advised that they do not consider the dates between 25 December and 15 January (inclusive) as being working days.  Therefore if you pay your employees between these days you have until 17 January 2020 to file your returns with the IRD. 

Your PAYE payments do not change and will be due as follows:

  • November 2019 PAYE – Due 20 December 2019
  • December 2019 PAYE – Due 20 January 2020

For Large Employers the payment date for PAYE on wages paid between 1 December – 15 December 2019 is 15 January 2020. 

 

GST

The IRD realise that this is a very busy time of year for people and therefore extend the date for filing your November 2019 GST return out to 15 January 2020. 

For monthly GST filers, your December 2019 GST return will be due 28 January 2020, as normal. 

 

Provisional Tax

The second instalment of provisional tax is due for payment on 15 January 2020.  We are in the process of sending out tax notices to all our clients for this instalment.  If you would like to discuss this with us please be in touch.

For any provisional tax payers who also pay GST you may note that the IRD have included the provisional tax amount due in your electronic return.  We recommend that you only pay the GST amount due per your return and pay the provisional tax based on the notice we will forward to you.  This is because we review your income for the year and there may be a change to the amount due, based on our review, especially if your income has increased significantly on prior years.   

Pink For A Day October 2019

We are going Pink For A Day to help raise funds The NZ Breast Cancer Foundation.

1 in 9 New Zealand women are affected by breast cancer in their lifetime.  Each day 8 New Zealand women on average are diagnosed with breast cancer.  But this isn't just something that affects women, 25 men a year are also diagnosed with breast cancer in New Zealand.  Almost everyone you talk to will have a story of someone they know having gone through treatment at some point in their lives.

October is breast cancer awareness month and the team at Stewart & Co Ltd are once again going Pink For a Day on 16 October 2019 to help raise funds to support the NZ Breast Cancer Foundation.  The NZ Breast Cancer Foundation are a not-for profit charitable trust with a vision of zero deaths from breast cancer.  Their mission is to push for new frontiers in early detection, treatment and support for those with breast cancer.

If you would like to make a donation to The NZ Breast Cancer Foundation we have set up a fundraising page at http://takeaction.org.nz/page/stewartcoltd.  100% of the funds raised go to The NZ Breast Cancer Foundation and remember that any donations over $5 can be claimed back as a donations tax credit at the end of the year.  Feel free to share the fundraising page with friends and family. 


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