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McLEAN AND CO.
Holiday Office Closedown
Trouble Making Tax Payments on Time?
We would like to wish you our valued clients and your families and loved ones a Merry Christmas and an enjoyable and prosperous 2010.
HOLIDAY OFFICE CLOSEDOWN
Our office will be closed down from January 1, 2010 and reopen January 11 2010. If required, we will be available during the Christmas- New Year period.
CHRISTMAS AND NEW YEAR HOLIDAYS LEAVE
This year's Christmas and New Year public holidays are a bit tricky as they fall partially on the weekend.
The public holidays for Christmas and New Year's Day fall on a Friday and are observed on the days they fall. That part is easy.
Boxing Day and the Day After New Year's Day fall on a Saturday and special rules apply to them.
The three examples linked below show the 2009/10 holiday entitlements for some common working arrangements:
An employee is not entitled to more than four public holidays over the Christmas and New Year period.
You can work out holiday pay and leave with our Holidays Online Tool, or visit our website for more detailed information on:
TROUBLE MAKING TAX PAYMENTS ON TIME?
If you may have difficulty paying tax, call IRD on 0800 377 771 to discuss your circumstances.
In the lead-up to Christmas and the holiday season clients may be faced with more than the usual amount of bills - it's a challenging time managing costs.
IRD have options if you can't pay the full amount by the due date. Please call IRD as soon as you can on 0800 377 771.
Paying your tax on time is still the best option. If this can't be done, IRD will work with you to find the best option for paying the amount due. IRD take individual circumstances into account when they do this and may consider options such as paying by instalments, if payment in full would result in hardship.
By contacting IRD early and entering into an instalment arrangement before the due date, you can avoid being charged the 4% late payment penalty. You'll still be required to pay the initial 1% penalty and interest will still be charged on the tax owing, but no further penalties will be charged during the term of the arrangement, provided the instalments are paid on time.
Even if payment can't be made on time, Returns must still be sent in on time to avoid late filing penalties. The penalties for late filing are separate to late payment penalties. The late filing penalty is charged at a flat rate for each Employer Monthly Schedule (IR348), for example, if you are registered for PAYE..
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If we can assist further, please email McLean and Co as follows: