FAQs Archive | Page 4 of 17

Q: Is it expensive to organise?

No – it is affordable! Afirmo charges a small fee to organise, which is either a base fee of $25+GST or a premium fee of $50+GST. The fee type will depend on the amount of tax being deferred and the length of the deferred period. These fees can be waived if you are a n Afirmo Supercharge Pro plan account holder. There is also a cost of capital fee, which is, in effect, interest for delaying the tax payment. The calculator will show you the fee and you can decide whether to proceed or not

Q: What does Afirmo do and what does PWC do?

PWC is the tax pooling agency and Afirmo is a partner of PWC. Afirmo arranges the tax deferment with you and when you pay the tax on the new due date, we pay it to PWC, who pays it to the IRD.

Q: Does the IRD really allow this?

Yes. The concept of tax pooling is not new. What is new is that most small businesses never get to hear about it! Afirmo has change d that making deferring your tax easy to access and cheap to arrange.

Q: Does Afirmo prepare GST returns?

Yes. Afirmo software will maintain a live GST return so you can see where you r business stand s intra - month. Download the draft at any time you choose.

Q: Does Afirmo software prepare income tax returns?

Yes. Afirmo software will prepare a draft income tax return for your business, and this will be available at the end of the tax year after Afirmo h as finalised things to minimise your tax bill !

Q: Can I see my accounts on a cash and accruals basis?

Yes, you can toggle between cash and invoice basis. This is very handy to see cashflows and understand the impact of changing a GST basis (cash or invoice basis)