MyTax news

It’s a good idea to have a plan in mind for money you get from a tax refund, otherwise it’ll be gone before you know what to do with it! You might already have your tax return earmarked for some good times (Laneway Festival anyone?!) – but before you go making it rain with your tax refund, think about the fact that this tax return is no gift from the government but rather your own money that should have been in your bank account from the beginning.…

Your New Zealand tax code determines how much tax you have to pay. If you’re working for someone, it tells your employer how much they need to deduct from your income via the Pay as You Earn (PAYE) system. The money that gets deducted includes both the tax rate for your income and your ACC earner’s levy.…

Once upon a time, teenagers used to have to work for their pocket money. Do you remember those days?! Sure, as parents we all want to give our kids an easier road to success than we might have had ourselves, but a summer job can change a teenager’s life for the better. Let’s make summer great again, by getting our teenagers out of the house and into some very cool, life-changing summer jobs.…

Doing your taxes on your own is hard because it’s just so easy to get it wrong. Part of the difficulty lies in all the jargon: from allowable deductions to new income, just how is anyone able to fill out the IR330 without pulling their hair out over the painful terminology? You’re no accountant so we don’t expect you to know your RWT from your PAYE to your SOE.…

MyTax.co.nz takes it’s tax customers very seriously – we aim to achieve a perfect result at all times, and a recent ‘authority to act check’ in October confirmed this.
The IRD check tests our processes to make sure we act within their framework before we act on behalf of you – our clients. We passed with flying colours, which means if you are a MyTax.co.nz customer, you can rest assured your tax affairs are being handled by safe hands.…

As our customers are aware, MyTax.co.nz operates out of Nelson, in the South Island – a smaller city with a big heart for business. I have published an article today for the NZ Herald which highlights why I believe more businesses should look towards New Zealand’s regions for business success. You can view and read the article here on the Herald’s business pages:

Lester Binns: You can thrive in smaller centres

Over the past few weeks we have been paying out the bulk of the 2014 refunds but some returns are taking longer than expected. The two main reasons some returns are taking longer are:

• Inland Revenue have issued the wrong type of return so we need to contact them to get the correct return issued
• Inland Revenue have placed your refund into review

If you have been advised that your refund is under review you have most likely been provided a timeframe by email.…

MyTax has started the mammoth process of sending millions of rescued 2014 tax refunds all over New Zealand to our awesome customers – this has got to be our favorite time of the year by a huge margin! Thousands of kiwis will soon see their awesome refund amounts land in their bank account, rescued and ready to spend or save.…

If you have applied for a 2014 tax refund with us, and received your followup calculation email, you might have seen that we expect IRD to release your tax refund to you in mid to late June, 2014 – about inline with time-frame for previous years.

This June time-frame is when IRD releases refunds to all of New Zealand.…

First off, thanks so much to all our entrants, new customers, existing customers and supporters for the 2 awesome weeks of our Facebook competition to celebrate the new tax year.

Our last winners during our 1st World Problems prize draw have been announced, and the final days prize had jackpotted to a totally clap-worthy $1200 – which means we need a total of 3 winners….who have been drawn as:

1) Bronwyn Keatinge – whos 1st world problem is that she would love some new glasses

2) Jimzen Bravo – whos 1st world problem is he would love some money for a new fish tank setup

3) Alice Fryer – Alice would love us to help her out with some funds for a new patio area

Enjoy your $400.00 Visa Prezzy cards, we hope they go some way to ironing out those pesky 1st World Problems!!…