It’s not too late for your clients to defer their 15 January provisional tax payment if they are experiencing cashflow constraints at this time of the year.
An Employers and Manufacturers Association poll shows that more than half the members surveyed experience financial challenges between January and March.
Tax FINANCE lets clients shift upcoming provisional tax payments to a time which suits then – without incurring IRD late payment penalties and use of money interest.
The arrangement is more competitive compared to many traditional forms of finance such as an unsecured loan or overdraft, with rates at Tax Management NZ (TMNZ) starting from less than six percent.
No credit check or security is needed, and your clients do not need to pay for all the tax financed should they end up owing less than first thought.
The finance arrangement can also be easily extended.
If your clients are experiencing cashflow constraints and will not be in a position to make their 15 January provisional tax payment, contact TMNZ to put a Tax FINANCE arrangement in place today for them.