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Payment options for 15 January provisional tax 1200 630 Lee Stace
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Payment options for 15 January provisional tax

One of the challenges of paying provisional tax in times of economic uncertainty is making a payment that is both appropriate and does not negatively impact your cashflow. Tax is one of the largest expenditure lines for a business, so you want to get it right. You don’t want to overpay, because that’s money sitting…

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How to avoid singing the holiday cashflow blues 1200 630 Lee Stace
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How to avoid singing the holiday cashflow blues

Cash is king and having the necessary cashflow to see you through the Christmas-early New Year holiday period is important. We say that because the most challenging payment date on the tax calendar – 15 January – is drawing near. And if your cashflow is a bit of a dog’s breakie, then you would be…

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How to grow your tax advisory through thought leadership 1200 630 Colin Kennedy
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How to grow your tax advisory through thought leadership

There’s a so-called old piece of wisdom that says: “Absence makes the heart grow fonder.” In reality, it is an old wives’ tale because it isn’t true – not for relationships and not for tax advisory businesses. If you want more business, if you want more referrals and more growth, you need to up your ‘visibility’…

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How to overcome the pain of tax procrastination 1200 630 Colin Kennedy
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How to overcome the pain of tax procrastination

With Inland Revenue (IRD) currently charging a penalty of seven percent interest, you would think that every single business owner in New Zealand would be highly motivated to get their tax issues sorted. Why then, is tax procrastination a problem? Tax is an obligation. We have no choice but to get on top of it.…

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Image: Tax refund
Accessing overpaid tax faster in uncertain times 1200 630 Lee Stace
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Accessing overpaid tax faster in uncertain times

Cash is king and being able to get your mitts on it quickly in an unpredictable world where circumstances can – and do – change in an instance is priceless. Just ask the taxpayers who were able to access the provisional tax payments they had deposited in the tax pooling account of Tax Management NZ…

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TMNZ is Now a Partner of Live Ocean 1200 630 Jade Robertson
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TMNZ is Now a Partner of Live Ocean

On Thursday, 15 October 2020 TMNZ announced a new partnership with Live Ocean. The announcement at Akarana Yacht Club, where TMNZ used to have their HQ and Live Ocean founders Blair Tuke and Peter Burling first sailed a 49er, aims to turn around some pretty worrying stats about the state of our ocean by accelerating positive…

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IRD eyeing cryptoassets: Tax implications for investors 1200 630 Lee Stace
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IRD eyeing cryptoassets: Tax implications for investors

Come clean or expect Inland Revenue (IRD) to come calling. For investors who are unaware of their tax obligations, this is the situation they face in the wake of the New Zealand tax department exercising its powers under the Tax Administration Act 1994 to request customer information from companies dealing with cryptoassets. This appears to…

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Important considerations: 28 October provisional tax 1200 630 Lee Stace
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Important considerations: 28 October provisional tax

The outbreak of COVID-19 is making it even trickier to work out how much provisional tax to pay, not to mention finding the funds to pay it. That’s why, with 28 October approaching, we’re going to offer a couple of pointers to consider as you look to manage this uncertainty in a pandemic-impacted environment. This…

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Three tax pooling solutions for businesses impacted by COVID-19 1200 630 Lee Stace
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Three tax pooling solutions for businesses impacted by COVID-19

IRD has announced a suite of tax relief measures during COVID-19 to help struggling businesses. However, a tax pooling provider such as Tax Management NZ (TMNZ) offers some solutions of its own for those wishing to manage cashflow, facing uncertainty about their profitability or needing access to funds during this difficult economic time: Provisional tax…

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Standard uplift method: Things accountants should know 1200 630 Lee Stace
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Standard uplift method: Things accountants should know

Need a refresher on standard uplift and how the rules around this provisional tax calculation method work? Don’t worry – we’ve got your back. Below are some of the important things an accountant should know. It has been put together based on the queries we are receiving in the lead up to the 28 August…

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