Tax Pooling

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Tax Pooling

It can be difficult to calculate income tax obligations, and if you pay your tax late, or underpay the IRD they will charge you penalties. On the other hand if you have overpaid your tax you will only receive 2.63% interest from the IRD, which could be expensive if you are funding payment out of your overdraft.

One option to reduce the cost resulting in underpaying or overpaying your tax is to take advantage of Tax Pooling

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