December Update

MERRY CHRISTMAS AND A HAPPY NEW YEAR
from the Tael Solutions Team

Christmas Shut Down 2022

We want to wish all our clients a very merry and wonderful holiday season.

Our last day working will be Friday the 23rd December.

We will open again on Monday the 23rd January 2023.

Due to the Christmas closure, all two monthly GST returns for the period October/November 2022 will need to be completed before we close on the 23rd December.

This means we will require your information by the very latest Wednesday 7th December by 9am, so we have time to process and complete all GST Returns.

GST payments are due on the 15th January 2023.

The second instalment of Provisional Tax (2 monthly GSTs and no GST) is also due on the 15th January 2023 therefore, we will be advising all of our provisional tax clients about this payment prior to our office shut down on the 23rd December.

If you complete your own GST returns but would like us to review your trading to date to advise on your provisional tax position, please contact us before the 9^{th of December so we can review this for you.}

Important Tax Dates

Upcoming Tax Dates:

15 January 2023 – The second instalment for 2023 Provisional Tax and October/November GST payments are due.

7 April 2023 – 2022 Terminal Tax is due for payment

IRD UPDATES

Use of money interest rates:On 30 August 2022, the interest rate on overpaid (credit interest) and underpaid (debit interest) tax changed to the following:

debit interest - 7.96% (up from 7.28%)
credit interest - 1.22% (up from 0%)

FBT rate for low interest loans to increase from 1 January:

The FBT rate for low interest loans will be increasing from 4.78% to 6.71% from 1 January 2023. This increase will impact both on low or no interest loans provided to employees as well as loans from companies to their shareholders and associates of their shareholders.

‍If you have any questions or concerns for us, please don’t hesitate to get in touch with us.

From

THE TAEL SOLUTIONS TEAM

ASWEFA has been benefiting from the outstanding service Tael Solutions has provided for a number of years. During these years ASWEFA has changed names, expanded from one company holding to 6 company holdings as we have franchised and developed 3 new sites and franchises. We not only contract Tael for monthly and annual account processing but they also manage our Trust accounts and IRD requirements. As well as this we hold quarterly financial meetings to have them assist us to explore and set financial goals and address areas of increased costings or potential sales opportunities to ensure we run at maximum capacity. These meetings involve looking at everything from staff capacity and future requirements to site/machinery/technical requirements to ensure we are future proofing our business as much as possible. They know our business well and can make observations with a fresh set of eyes that always provoke new thoughts and ideas. We are privileged to provide this reference and recommend Tael for any business big or small – but in particular if you are wanting to grow as they have become an integral part of our business and contributed to our success.

Treena Myers - ASWEFA Regional Office - Forklift training providers

I moved our law firm’s accountancy and business advisory work to TAEL Solutions over a year ago now and I have been consistently impressed with its energy, focus, and command over every aspect of how the business side of our practice operates and augmenting a better run, more efficient business. I highly recommend TAEL solutions to those looking to improve their business financial performance.

I moved our law firm’s accountancy and business advisory work to TAEL Solutions over a year ago now and I have been consistently impressed with its energy, focus, and command over every aspect of how the business side of our practice operates and augmenting a better run, more efficient business. I highly recommend TEAL solutions to those looking to improve their business financial performance.

Doug Cowan - Cowan Law

I wish I had found the team at Tael earlier! As a small business owner with minimal experience and understanding of Accounting and Bookkeeping, I've learnt a valuable lesson: 'surround yourself with the right people' The contrast between Tael Solutions and my previous firm couldn't be greater. They understand my business and provide the insight, recommendations and guidance that I so desperately needed. The team at Tael are a pleasure to deal with and I am confident that I'm in good hands.

Mike Covich - LocoMedia Limited

TAEL Solutions Ltd have been processing our accounts for two years now. For the first year they completed and prepared the annual accounts prior to auditing and for the second year we moved to full monthly accounts and looking after all tax issues, right through to Board Reports and preparation for auditing. As a Not for Profit organisation we especially appreciate the advice we get in regards to our responsibilities in our reporting for Community Services (Department of Internal Affairs) and our major grant providers. We are a small team and prefer to put our efforts into the provision of support services to our “kids” and their families. I would recommend Natasha and the team at TAEL Solutions to any SME or NFP requiring accounting services and professional support to help grow their business and to ensure that good accounting and governance practices are provided.

Keith Mackenzie - Chief Executive, Kidney Kids NZ

More Testimonials

December Update

MERRY CHRISTMAS AND A HAPPY NEW YEARfrom the Tael Solutions Team

See Also

MERRY CHRISTMAS AND A HAPPY NEW YEAR
from the Tael Solutions Team