Adroit Builders and provisional tax

Adroit Builders and provisional tax

Adroit Builders and provisional tax 1200 630 Lloyd Evaroa

Every business owner at one point has felt the tension between paying provisional tax versus withholding enough money to pay employees. When profit fluctuates year-on-year, it causes cashflow issues that force business owners to make some pretty hard decisions.

Matt Hanna from Adroit Builders experienced the same tension. He explains how he found a solution to the stressful time by paying the company’s provisional tax through TMNZ’s Flexitax®.

“If we don’t have to pay our tax straight away and we can alleviate that for a week or two then that makes a huge difference,” he says.

“We had a really good growth period and quite a good profit margin at the end of the year, but the following year we had quite a tough year where we didn’t actually make a profit – but we still had to pay our provisional tax which was a huge cost on top of paying our normal taxes and also paying our employees and doing all their tax et cetera, so we had a big cashflow issue.”

Watch the video below to hear more on how Tax Management NZ have helped Adroit Builders to stay in the good books with IRD.

Lloyd Evaroa

Marketer and amateur developer. Lloyd is the Customer Experience Manager at TMNZ.

All posts by: Lloyd Evaroa