The Situation: Delivering Proactive Tax Advisory
Jarod Chisholm is the Managing Partner of Tax Advisory at Findex New Zealand, one of the country’s leading accounting, tax advisory, and financial advisory firms. With 24 offices across New Zealand, Findex serves a diverse range of clients from listed companies to mum and dad investors, with a sweet spot in the entrepreneurial, high net worth, and mid-market space. Many of these clients are looking to grow, and they need smart solutions to manage their tax obligations without sacrificing that growth.
The Challenge: The Provisional Tax Pressure
When clients come to Findex to discuss their tax obligations, they often arrive with real concerns:
- Cashflow pressure: Many businesses don’t have the funds available on provisional tax due dates like , or they’d prefer to use that working capital to maximise and grow their business rather than tie it up with Inland Revenue.
- Uncertainty: Some clients aren’t sure what their actual tax liability will be because they’re waiting on settlements, sales projections, project completion or other big transactions to occur.
- Timing mismatches: Businesses may have transactions occurring at a later date but need to meet their tax obligations now.
- Growth constraints: When funds are paid to IRD early, that capital is locked away when it could be invested in business growth opportunities.
As Jarod puts it: “When managing tax, our clients have a lot of issues they face. Some face cashflow issues where they can’t afford to pay on the due date like 15 January . Some clients like to use the funds to maximise and grow their business, and that’s when TMNZ comes in.”
The Solution: A Smarter Way to Pay Provisional Tax
Findex has partnered with TMNZ since the early days of tax pooling in New Zealand. Here’s how TMNZ helps Findex deliver better outcomes for their clients:
- Payment flexibility: Clients can defer tax to a later date or pay it off in instalments when cashflow is tight, without risking IR penalties and interest.
- Cashflow management: Even clients who have the money to pay benefit from using TMNZ, because it gives them the option to draw funds back down, to support business growth.
- Rapid access to capital: When COVID hit, Findex clients had tax funds in TMNZ’s pool and were able to access that capital within three days to manage business uncertainty.
- Cost savings: Clients pay less than they would in IRD penalties and interest, with competitive rates that beat bank financing options.
- Proactive alerts: When a client misses a payment, Jarod receives an email immediately, allowing the team to be proactive in offering their clients smart payment options through TMNZ.
The Results: Reduced Risk & Client Growth
More than a decade into the partnership with TMNZ, Findex has been able to deliver tangible value in the following ways:
- Better client conversations: TMNZ gives Findex’s team a toolkit to have more meaningful, strategic discussions, not just compliance tick-boxes.
- Enabling business growth: Clients can reallocate funds to invest in opportunities as they arise, rather than having capital tied up with IRD.
- Stronger client relationships: The ability to solve cashflow problems and offer flexibility has helped Findex retain clients and stay ahead of competitors who don’t offer these solutions.
- Reduced stress: Clients sleep better knowing their tax obligations are covered and they have options if circumstances change or when they’re in slow sales period like over the holiday season, when tax is still due.
- Simplifying compliance: Integrations with accounting systems and proactive reporting makes it easier for the Findex team to manage client tax payments efficiently.
And there’s another layer. Findex clients know that when they work with TMNZ, they’re also giving back. TMNZ invests 100% of its profits into Whakatupu Aotearoa Foundation, supporting communities and the environment across New Zealand. For Jared, that shared commitment to purpose is another key reason for the long-term partnership.
Key Takeaway: Delivering Value Beyond Compliance
Tax doesn’t have to tie up capital or limit growth. Even when navigating reduced income, slower sales cycles or other seasonal challenges. By partnering with TMNZ, Findex has given their clients the flexibility to manage cashflow strategically paying tax on their terms, accessing funds when needed, and focusing on what matters most: building their businesses. For accountants, offering these solutions isn’t optional—it’s about delivering genuine value and staying relevant.
For more on how TMNZ’s solutions can help your business or clients, go here.