Tax time planner for small business

Everything you need to know to stay IRD compliant

Select a date to find out what you need to do this tax time

February 20

It’s deduction time

All your employer deductions forms and payments are due, along with an employer monthly schedule.

It doesn’t matter whether you deduct less than $500,000 PAYE and ESCT per year – everyone has to fill out the forms and pay.

You’ll also need to make sure your EDF/IR 345 and payment is made for deductions made between the 1st and 15th of the month.

Automate your PAYE obligations 

Make this the last month you deal with PAYE admin. Automate wage payments to your staff, PAYE payments to the IRD and your monthly employer schedules with a simple ‘click’ when you activate the PayAgent feature in MYOB Essentials today. 

Activate Now

February 28

Prepare your GST

Got your GST ready? You should! Your return and payment is due on this day. If you use the ratio method, your provisional tax instalments are also due today.

Checklist:

  • Why not take this opportunity to give your records a clean-up and see if you can do any consolidation?

March 01

Free yourself from PAYE admin forever

Next pay run, imagine being able to take care of all wage payments to employees, PAYE payments to Inland Revenue and your monthly employer schedules with a simple ‘click’. You can when you activate the PayAgent feature in MYOB Essentials.

Activate Now


Click on the video to see how it works.

 

March 06

It’s time to process final pays

As the end of financial year 2017 approaches you need to process all your final pays for the year, including processing the March pays as you usually would.

This is also the right time to ensure your Terminal Tax & Fringe Benefit Tax is up to date. Plus, your deductions form and payment is due, along with your monthly schedule, if you deduct more than $500,000 PAYE and ESCT per year.

Checklist:

  • Get your pay runs ready, and process your final pay – including the March pay run as you usually would.
  • Get your Terminal Tax and Fringe Benefit Tax up to date. Do an audit to ensure everything is as it should be.
  • If you need to submit your deductions form and payments, then you need to get that ready as well.

March 20

It’s deduction time

All your employer deductions forms and payments are due, along with an employer monthly schedule.

It doesn’t matter whether you deduct less than $500,000 PAYE and ESCT per year – everyone has to fill out the forms and pay.

You’ll also need to make sure your EDF/IR 345 and payment is made for deductions made between the 1st and 15th of the month.

Automate your PAYE obligations 

Make this the last month you deal with PAYE admin. Automate wage payments to your staff, PAYE payments to the IRD and your monthly employer schedules with a simple ‘click’ when you activate the PayAgent feature in MYOB Essentials today. 

Activate Now

March 28

The end of financial year is almost here!

For the Provisional Tax (Ratio Option), you need to pay your instalments on the set date of the designated month, like so:

1st Instalment – December; 2nd Instalment – October; 3rd Instalment – August; 4th Instalment – June; 5th Instalment – April; 5th Instalment – February.

Be sure to record all the transactions up to 31 March 2017 in your software. That includes money going out, coming in or moving between accounts. If multiple users work in your company file, make sure they've entered their transactions too.

Checklist:

  • Get all your Provisional Tax instalments in order, and make sure your schedule is accurate. Don’t miss a payment!
  • Record all your transactions in your software and reconcile any errors. Make sure all users have entered their transactions!
  • And don’t forget, it’s GST time too – make sure you pay your normal instalment.

 

March 31

The end of financial year has arrived!

It’s a busy time for all businesses - make it easier on yourself with these helpful tips:

  • Your final pay of the year is determined by the payment date. Pays fall into the current year if payment is on or before 31 March and fall into the next if it’s on 1 April or afterwards.
  • If you manage inventory, do a stock stake as of 31 March. 
  • Reconcile your company file data and make sure everything balances. Use the Company Data Auditor in AccountRight to automate this for you.

Checklist:

  • Complete your income tax return for the financial year, and make sure everything is in order.
  • Ensure your final pay of the year is completed correctly.
  • Reconcile your inventory and if on AccountRight, use the count inventory feature in to record what you actually have on hand.
  • Review Accounts List, Trial Balance, Balance Sheet and Profit & Loss reports. 

April 01

Start the new year in the best possible position

Now’s a good time to review your business performance and plan for the year head. It’s also the perfect time to make sure you’re getting the most out of your accounting and payroll software and taking advantage of online features that save you time and money.

Set your business up for success in 2017

  • Automate tax and payroll compliance updates with a subscription
  • Automate bank reconciliation with bank feeds
  • Link supplier invoices to your bills with smart bills
  • Track email engagement and payment activity with online invoicing
  • Complete and lodge GST returns directly to IR with eGST
  • Streamline the data capture of timesheets with MYOB YourPay
  • Automate PAYE admin in a single click with MYOB PayAgent

April 05

Time to fill out those forms!

Are you an employer who deducts $500,000 PAYE and ESCT or more per year? Now’s the time to get your EDF/IR345 form and payment in for deductions made between the 16th and the end of the month, as well as your EMS/IR348 form.

Checklist:

  • Employer deductions (EDF/IR345) form and payment (if applicable)
  • Employer Monthly Schedule (EMS/IR348) (if applicable)

April 07

It’s tax return time!

If you’re using a tax agent to complete your end-of-year income tax this year – and have a valid extension of time – today is the due date for submission.

It’s also the final day to submit your FBT return and payment for the last financial year, so don’t let this crucial day pass you by.

Checklist:

  • End-of-year income tax due for clients of tax agents.
  • FBT return and payment due for clients of tax agents.

April 20

It’s deduction time

All your employer deductions forms and payments are due, along with an employer monthly schedule.

It doesn’t matter whether you deduct less than $500,000 PAYE and ESCT per year – everyone has to fill out the forms and pay.

You’ll also need to make sure your EDF/IR 345 and payment is made for deductions made between the 1st and 15th of the month.

Automate your PAYE obligations 

Make this the last month you deal with PAYE admin. Automate wage payments to your staff, PAYE payments to the IRD and your monthly employer schedules with a simple ‘click’ when you activate the PayAgent feature in MYOB Essentials today. 

Activate Now

May 01

Free yourself from PAYE admin forever

Next pay run, imagine being able to take care of all wage payments to employees, PAYE payments to Inland Revenue and your monthly employer schedules with a simple ‘click’. You can when you activate the PayAgent feature in MYOB Essentials.

Activate Now


Click on the video to see how it works.

May 05

It’s that time again!

Deducting $500,000 PAYE and ESCT or more per year? Submit your EDF/IR345 form and payment today for deductions made between the 16th and the end of the month, as well as your EMS/IR348.

Checklist:

  • Employer deductions (EDF/IR345) form and payment (if applicable).
  • Employer Monthly Schedule (EMS/IR348) (if applicable).

May 08

Stay on schedule

Filing your GST on a monthly, bi-monthly or six-monthly basis, use the ratio method, or are not registered for GST? Your provisional tax instalment is due today – so if you haven’t paid it yet, get on it!

Also, your GST return and payment is due today too, so make sure you get this all covered off so it’s done and dusted.

Checklist:

  • Process your GST return and payment today (if applicable).
  • Ensure your provisional tax instalments are up to date so you don’t miss a payment (if applicable).

May 20

Automate your PAYE obligations 

Make this the last month you deal with PAYE admin. Automate wage payments to your staff, PAYE payments to the IRD and your monthly employer schedules with a simple ‘click’ when you activate the PayAgent feature in MYOB Essentials today. 

Activate Now

May 22

It’s deduction time

All your employer deductions forms and payments are due, along with an employer monthly schedule.

It doesn’t matter whether you deduct less than $500,000 PAYE and ESCT per year – everyone has to fill out the forms and pay.

You’ll also need to make sure your EDF/IR 345 and payment is made for deductions made between the 1st and 15th of the month.

Checklist:

  • Employer deductions (EDF/IR345) form and payment (if applicable).
  • Employer Monthly Schedule (EMS/IR348) (if applicable).

May 29

We’ve simplified GST

Your GST return and payment are both due today. The good news is that we’ve streamlined GST so that it’s easier than ever.

Complete your return by filing it directly to Inland Revenue from within MYOB Essentials or AccountRight for a fast, easy and accurate return.

It’s also completely paperless – no more forms or relying on post or couriers!

Checklist:

  • GST return and payment due today, so tick it off your list.

May 31

Feeling productive?

Today’s the day to get your quarterly and annual FBT returns and payments due – so knock them over while you’re on a roll.

Checklist:

  • Process your quarterly and annual FBT returns and payments today.

June 01

Free yourself from PAYE admin forever

Next pay run, imagine being able to take care of all wage payments to employees, PAYE payments to Inland Revenue and your monthly employer schedules with a simple ‘click’. You can when you activate the PayAgent feature in MYOB Essentials.

Activate Now


Click on the video to see how it works.

June 06

Long live the queen

Due to the Queen’s birthday, the 5th of the month EDF/IR345 form and payment is due today for deductions made between the 16th and the end of the month.

Don’t forget, your EMS/IR348 for the whole month is due today, too.

Note – this only applies to employers who deduct $500,000 PAYE and ESCT or more per year.

Checklist:

  • Employer deductions (EDF/IR345) form and payment (if applicable).
  • Employer Monthly Schedule (EMS/IR348) (if applicable).

June 20

It’s deduction time

All your employer deductions forms and payments are due, along with an employer monthly schedule.

It doesn’t matter whether you deduct less than $500,000 PAYE and ESCT per year – everyone has to fill out the forms and pay.

You’ll also need to make sure your EDF/IR 345 and payment is made for deductions made between the 1st and 15th of the month.

Automate your PAYE obligations 

Make this the last month you deal with PAYE admin. Automate wage payments to your staff, PAYE payments to the IRD and your monthly employer schedules with a simple ‘click’ when you activate the PayAgent feature in MYOB Essentials today. 

Activate Now

June 28

We’ve simplified GST

Complete your return by filing it directly to Inland Revenue from within MYOB Essentials or AccountRight for a fast, easy and accurate return. It’s also completely paperless – no more forms or relying on post or couriers!

Don’t forget – provisional tax instalments are also due today for people and organisations who use the ratio method.

Checklist:

  • GST return and payment due today.
  • Provisional tax instalment due for those who use the ratio method.

Stay compliant, check your MYOB software for updates

Are you compliant for the new financial year? Check which software update you need by simply selecting your MYOB product below.

Your payroll update is ready!

Download and apply your update to be ready for the new financial year.*

 

Getting Started Guide

Release Notes

User Guide

 

* 2017 MYOB Payroll update is only available to clients with an active Payroll subscription.

To see your AccountRight upgrade options, try the MYOB Upgrade Engine.

Your software is automatically updated via the cloud.

The 2017 Ace Payroll compliance upgrade is ready!

The latest version of Ace Payroll includes all the tax and compliance changes coming into effect 1 April 2017 as well as
software enhancements and product updates. 

Clients on a support subscription or who have pre-purchased the release, will be send the upgrade directly.

If you would like to upgrade to the latest version to ensure you stay compliant, please call the team directly on 0800 ACE PAY (0800 223 729).

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