NZ Tax - Generate all provisional tax payment letters prior to the due date passing
IRD has $ for 3 provisional tax payment dates, however the Tax Payments listing only shows the next provisional tax payment due and misses the 2nd and 3rd ones until the date of each provisional tax payment has passed. It would be more accurate to have all tax payments showing on their due date regardless of the date of viewing.
Kathy Dent
shared this idea
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Carol Bovey
commented
I agree, we plan for a clients whole provisional tax liability over a tax year, not instalment by instalment. For example at P1 in a provisonal tax year we may already plan for an additional voluntary payment to be made at P3 for a client, but we can't input that in Tax Paymnets in advance, we have to keep a record of it outside of Xero.
It was suggested advance adjustments could be added in the Statements screen, but there does not appear to be functionality to adjust any individual prov payment there, only the entire year's prov. -
Kathryn Pinkerton
commented
It would also mean we can Ignore tax payments in advance if we want to, resulting in much shorter lists to check later on