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Office Closure 26/9/2014-7/10/2014.
IRD Payment Options are Changing
Comparisons between Sole Trader, Partnership and Company
The office will be closed from Friday 26/9/2014 and will reopen Tuesday 7/10/2014. If you need to contact your messages will not be followed up in this period, but feel free to leave these on the office telephone message system or contact by email. These messages will be responded to when the office reopens.
Do you pay IRD by cheque or make payments at Westpac? If so, you need to be aware of changes happening from 1 October, 2014.
Westpac will continue to accept cash or eftpos payments over the counter after 1 October 2014 but they'll no longer accept any cheque payments, returns or other documents from that date.
From 1 October 2014, cheque payments and returns posted to IRD must arrive on or before the due date to avoid late payment penalties and interest.
IRD are recommending internet banking. Banks offer the facility to make IRD payments online. You can make your payments right up to the due date if you use this facility.
COMPARISONS BETWEEN SOLE TRADER, PARTNERSHIP AND COMPANY
taxpayers are uncertain as to what business form to utilise when they
go into business.
The following table highlights significant implications of
setting up as a sole trader, in a partnership or as a company:
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