TMNZ Blog

News & resources for business flexibility, cashflow and capital expenditure
TMNZ and Xero team up to educate clients 600 338 Denise Pimentel

TMNZ and Xero team up to educate clients

 Xero and TMNZ partnered up earlier this month for Xero’s Education month. Kathleen Payne, TMNZ’s Strategic Partnerships Manager, ran the  webinar educating people on the benefits of tax pooling as well as a practical demonstration of applying TMNZ provisional tax arrangements within the Xero platform.

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TMNZ Taxlab integration is live 750 421 Lloyd Evaroa

TMNZ Taxlab integration is live

 We are happy to announce our integration with Taxlab is live. Taxlab is a cloud based tax software system designed specifically for New Zealand accountants, by New Zealand accountants. Used by NZX listed companies, big four and local accountants – Taxlab handles your return filing, provisional tax management, tax provision accounting and FBT compliance.…

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New provisional tax calculator 957 538 Lloyd Evaroa

New provisional tax calculator

Simplifying provisional tax is something we are always working on. Our new provisional tax calculator helps you by removing the time and strain of calculating your payments. Key developments This is a new tool to calculate provisional and terminal tax liabilities. As we detail below, you just need a few details to work out what…

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Dealing with IRD’s Christmas present 1200 630 Lee Stace

Dealing with IRD’s Christmas present

Where is IRD’s Christmas spirit? It’s a question many business owners often find themselves asking in December. The reason this thought occupies space in their minds is simple. On 15 January, IRD expects many to pay their second instalment of provisional tax for the 2018-19 income year. They also gleefully await a GST payment. Now…

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Future of Tax Symposium: Sir Michael Cullen
TMNZ promotes broader tax thinking via Tax Policy Charitable Trust 1200 630 Lee Stace

TMNZ promotes broader tax thinking via Tax Policy Charitable Trust

TMNZ was proud to support a Tax Policy Charitable Trust event which allowed those working in tax to present and discuss the Tax Working Group’s interim report. The Future of Tax Symposium recently took place in association with Auckland University and Victoria University of Wellington. TWG chairman Sir Michael Cullen was there to give the…

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Paying provisional tax: The ONE thing you must know
Paying provisional tax: The ONE thing you must know 1200 630 Lee Stace

Paying provisional tax: The ONE thing you must know

Many a business owner is familiar with paying provisional tax. And the reason they are familiar with it is because they do not like paying it. There are myriad reasons why. But perhaps the biggest issue of paying provisional tax is the inflexibility of IRD. They want you to pay on the dates they set.…

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New TMNZ Reports now live 650 351 Lee Stace

New TMNZ Reports now live

 We are happy to announce our new, simple-to-use TMNZ Reports are available on your dashboard to view and export. This means you can now easily see all relevant information relating to TMNZ payments and transactions made by taxpayers you manage in one place. Reports are an area we have been working hard to improve…

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Image: Working capital
Tax Finance: An alternative funding source 1200 630 Lee Stace

Tax Finance: An alternative funding source

Growing a business is hard yakka. More specifically, it costs money. And therein lies a problem for many small business owners: Cashflow. In fact, it’s not a problem. It’s a major problem. According to Xero’s Small Business Insights data for June, less than half of those who took the survey have positive cashflow. Less than…

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Image: IRD audit
IRD audit – how to survive one 1200 630 Lee Stace

IRD audit – how to survive one

IRD audit activity is ramping up. It is monitoring tradies and those operating restaurants, bars, cafes and takeaways closely. After all, it’s noticing a high level of non-compliance by some working in the construction and hospitality sectors. They include business owners who are not declaring part or in some cases all of the income they…

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Setting up a 2018-19 income year payment plan with Flexitax 1200 630 Lee Stace

Setting up a 2018-19 income year payment plan with Flexitax

Many of your clients will pay their first instalment of provisional tax for the 2018-19 income year on 28 August. As such, now’s an opportune time to mention Flexitax as you discuss tax planning and cashflow management with them. We recommend using this to set up a provisional tax payment plan for the 2018-19 income…

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