How to finalise the tax year by using our Residual Income Tax (RIT) Tool
By using our RIT Tool – the most advanced tool in the market – you can optimise your client's tax position in minutes. You no longer have to figure out how much tax is needed at each date; the calculator will do it all for you.
- Ensures amounts transferred to IRD are the right amount and at the right date - we stand behind our calculators.
- Prevents use-of-money interest charges and late payment penalties being applied.
- Completes swaps automatically online – quickly, efficiently and accurately.
- All debit and credit interest is set off, leaving you with a single easy payment.
- When swapping a deposit, you are selling the surplus deposit tax credits and purchasing tax credits at the correct date. The swapped funds become purchased funds as a result and can only be used to satisfy income tax obligations for current periods.
- Purchased tax credits must be completed and transferred to IRD within 75 days of your client’s terminal tax date.
Greater protection with Tax Traders
- 100% IRD approved
- Public Trust holds and approves all payments and transactions
- Independently audited
- Money back guarantee if Inland Revenue decline your request