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Why tax pooling was implemented

Why tax pooling was implemented superadmin

When you consider the fees the IRD loses out on by allowing tax pooling, it’s hard to comprehend why it exists. What’s in it for them? There are several reasons why tax pooling is advantageous to IRD. To understand them you need to look back to when the use of money interest regime was introduced…

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Big is best, they say….

Big is best, they say…. superadmin

But why does Tax Management NZ’s size gives us advantages no other tax pooling intermediary can offer? Here are five reasons why: 1. Led by CEO Chris Cunniffe, who was the head of tax at BNZ and Air New Zealand before he joined TMNZ, we have an unmatched knowledge and experience of tax and tax…

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Simplifying tax pooling – changes to TMNZ’s website

Simplifying tax pooling – changes to TMNZ’s website superadmin

We’ve made changes to the website to streamline our tax pooling services and give more information about what we do. These include: 1.    Access to our calculator straight from the home page. Just click on the calculator and you are there. As before, if you’ve entered a tax year, three dates will populate. If you…

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Creative tax solution to fast growth

Creative tax solution to fast growth superadmin

Fast growth can impose hefty pressure on a business’s financial situation, especially at tax time. If a company has trouble finding the cash to pay and they’re late, the IRD hits them with high use of money interest on their tax bill at 8.4% plus there are late penalties as well. Smart companies plan ahead…

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The growing prevalence of tax pooling

The growing prevalence of tax pooling superadmin

Just as Xero changed the way most businesses approach their accounting, Tax Management NZ (TMNZ) is transforming New Zealand’s tax landscape with tax pooling. More and more companies are taking ownership of their tax through this innovative service. Most of New Zealand’s top 200 companies use tax pooling and in the past 10 years, TMNZ…

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Top five tips for surviving a tax audit

Top five tips for surviving a tax audit superadmin

The Government recently pledged more money to allow the IRD to increase its audit activity, so your chances of being audited have increased. The following tips are sure to be useful if you have an IRD tax audit on the horizon: 1. Know your rights and don’t panic! Seek professional assistance. Preparation is the key.…

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New system generates easy savings

New system generates easy savings superadmin

TMNZ (New Zealand’s original and largest tax pooling intermediary) has joined forces with Reckon Advanced Professional Systems (APS), a leading supplier of business software for accountants, to create a seamless way for clients to save use of money interest by integrating tax pool savings calculations into the APS tax return system. Now, when accountants install…

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Big cashflow relief for successful seasonal business

Big cashflow relief for successful seasonal business superadmin

Mark and Leonie Ridling have already recommended Tax FINANCE to other companies. When Mark Ridling of The Housewash Company learned there was a way to delay his provisional tax payment due date for several months to relieve his cashflow, he was initially sceptical. He hesitated to pay his tax through somebody other than IRD. But…

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New website, new technological era

New website, new technological era superadmin

TMNZ’s Jek Hui Tan with Andy Stanton and Andy Ewings of Bluefuse Systems who came from England to update the new TMNZ website. TMNZ is heading into another era with the launch of our new website to coincide with our newly refreshed brand. You will have noticed the website has been simplified and it’s much…

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TMNZ super functionality and super hero at conference

TMNZ super functionality and super hero at conference superadmin

Action heroes took over at the Reckon APS annual conference last week, of which Tax Management NZ (TMNZ) was a sponsor. Most of the 200….

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