With the first instalment of provisional tax due towards the end of the month (for taxpayers with a March balance date), it’s a good time to take stock of where your business stands now, and where it’s heading next.

Part of this should include considering your tax plan, to ensure it’s up to date and in line with your business forecasts. It’s particularly important that you monitor your monthly cash flow forecasts regularly to make sure your cash flow is healthy enough to keep your business on an even keel and meet your obligations.

If upcoming tax payments are going to put your cash flow under pressure, contact us to discuss your options as soon as possible.

Key tax dates for August include:

• 5 August: a PAYE payment is due for large employers. Make sure you file the required employment information within two working days after payday.
• 20 August: the RWT return and payment are due for deductions from dividends and deductions of $500 or more from interest paid during July.
• 20 August: NRWT / Approved Issuer Levy payment and return are due.
• 20 August: PAYE payment is due for both small and large employers. Again, employment information must be filed within two working days after payday.
• 28 August: the GST payment and return are due for July.
• 28 August: the first instalment of provisional tax for taxpayers with a March balance date is due for the 2026 income year.

Let us know if you have queries about your current tax plan.