End of Financial Year Checklist
The financial year runs from 01st April 2023 to 31st March 2024
As we have approached the end of the 2024 financial year on 31st March 2024, we would like to take this opportunity to remind you of some important information and actions you need to consider.
It is important to review your financial information in your accounting system to ensure it is accurate and up-to-date.
Put together all your financial records ready to submit to us along with our questionnaire and letter of engagement.
Submitting your income tax return to Inland Revenue within a timely manner allows you to gain more of an understanding on your tax obligations and allows for good cash flow planning.
When is your income tax return due?
If your balance date is 31 March, you must file your income tax by 7 July 2024. If you have a Tax Agent with extension of time they are due by 31 March 2025, the following year. This provides the Tax Agent the ability to manage their workflow throughout the year to prepare and submit taxation returns with IRD.
When do you need to pay your tax?
Terminal tax is by 7 February 2025, or if you have a Tax Agent with extension of time by 7 April 2025.
2025 Provisional tax dates are:
07 May 2024
28 Aug 2024
15 Jan 2025
By preparing and filing your 2024 income taxation returns to Inland Revenue within a timely manner, not only does this help business owners keep financial records up-to-date but supports you in making useful financial decisions and preparing for future tax obligations.
Download the appropriate end of financial year questionnaire for your business.
Home Office Expenses
FOR YOUR BUSINESS
Home Office Expenses
Helpful Information sheets
Motor Vehicle Expenses
FOR YOUR BUSINESS
Motor Vehicle Expenses
Helpful Information sheets
Business Questionnaire
FOR YOUR BUSINESS
Business Questionnaire
Essential information we require from you.
Rental Questionnaire
FOR YOUR RENTAL
Rental Questionnaire
Essential information we require from you.
Sole Trader Questionnaire
FOR YOUR BUSINESS
Sole Trader Questionnaire
Essential information we require from you.
Book an online annual accounts meeting with Janine to learn how to read your financial statements and taxation returns, this will support you to make future business decisions and understand your taxation commitments for the coming year.