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SBA Hibiscus Coast
Accounting solutions that won't break your budget.

PROVISIONAL TAX

Say goodbye to tax bill shock and have peace-of-mind knowing your income tax is being taken care of by SBA

SBA can help work out your provisional tax.

Whether you need a standard, estimation or ratio option we’ll help you spread the load to avoid a huge tax bill at the end of the year by keeping a close eye on your cashflow.

So what is Provisional Tax?

It is a convenient way of paying your income tax in instalments (in advance) throughout the year. (IR 289)

You need to pay provisional tax for the following year if:
  • during the year, you have earned income which has either:
    • not been taxed, or
    • has not had enough tax deducted from it
  • and your residual income tax (RIT) to pay is more than $2,500

Is this your first year of business?

If your answer is yes – then you are not required to pay any provisional tax if your residual income tax (RIT) in the previous year was $2,500 or less.
SBA will keep you up-to-date and ensure you meet your tax obligations.
If you need help in understanding this or any other tax topic and how it relates to your business, please feel free to contact your nearest SBA branch.

If you use the standard or estimation options to calculate your provisional tax payments, your provisional tax due dates are:

If not registered for GST.I’m registered for GST and pay monthly or bi-monthly.I’m registered for GST and pay every 6 months.
First instalment28 August28 August28 October
Second instalment15 January15 January7 May
Third instalment7 May7 May

To find out how we can help with your provisional tax, enquire here

2 + 2 = ?

Great Reasons to choose SBA

  • Small Business Accounting Specialists

    The one stop shop for small businesses.

  • We’ll do the accounting

    So you get to focus on your business or spend time with family.

  • No hidden costs

    With monthly or fixed annual pricing, there’ll be no surprises.

  • Simple & easy accounting

    We use simple and secure processes to get the job done.

Watch the video to hear what one of our clients has to say about us

If you prefer to have a chat to one of our branches, contact your nearest SBA branch today!

Let's catch up

We are keen to help, so contact us below and your local branch will be in touch, or find your local branch to learn more about them first.
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