Sick of spending so much time on GST?

It's that time again – GST return is due, you're up to your neck in other things and it's the last thing you feel like tackling. Ever thought of:

• Filing online – it's as easy as clicking on Get it done online at www.ird.govt.nz So long as you have the DLN number (at the top of your paper copy GST return), and then you're set to go.

• Paying via electronic banking – saves writing out a cheque and no need to send anything to the IRD if you file online as well!

• Filing on Monday – if your GST return is due on a weekend, public holiday or your regional anniversary, you have until the next working day to file and pay.

• Enjoying Christmas – if you're due to file a return on 28th December, you receive an automatic extension to 15th January, so relax! The same applies when your return is due on 28th April – you receive an automatic extension to 7th May.

• Receiving fast refunds – fill out a Direct credit authorisation form (IR587) and send to the IRD, any refunds will be sent automatically to your bank account

• Making corrections – if you find a minor mathematical or oversight error in a prior GST return, and the value is less than $200 GST per return, you may make an adjustment in your next GST return

• Getting a Tax Due Date schedule – go onto the IRD's website, click on Get it done online and complete the Tax Due Date Calculator. It helps to plan for and manage the paperwork and payment of taxes.

• Keeping current – Do you know how to treat zero-rated supplies? Know the GST implications on any new activities you undertake

• Changing your filing period – finding your GST period too short? Find out if you can change from a one-month period to a two or six-month period. You will need to apply to the IRD as certain restrictions do apply.

• Cancelling your registration – if your annual taxable supplies are below $60,000, you may cancel GST registration. There are certain conditions that apply as well as final GST reporting requirements.

• Subscribing to GST News – enables you to receive emails with the latest GST news, tips and suggestions. You can also download the GST Guide from www.ird.govt.nz

• Keeping the IRD informed – if you've changed address make sure you let the IRD know so you don't lose important correspondence, especially GST returns!

• Calling the IRD – having problems getting your return filed or GST paid – call the IRD on 0800 377 776 before your payment is overdue to discuss alternatives.