With the advent of Use of Money Interest (UOMI) the Inland Revenue Department has thrown the responsibility of tax planning back onto the taxpayer (our clients). For many clients the traditional process of paying provisional tax based on the previous year's profits is no longer a safe one.
Generally speaking, the larger the scale of your business activity, the more exposed you will be to potential UOMI charges. It can be an expensive alternative to bank funding for many clients. We can help you manage your tax affairs to minimise any UOMI charges and make sure that you take advantage of any tax concessions that are available.
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