TMNZ Blog

News & resources for business flexibility, cashflow and capital expenditure

Why do some companies fail while others prosper? 1200 630 Colin Kennedy

Why do some companies fail while others prosper?

“It’s a funny market,” according to one business owner. “Some businesses I know are thriving, while others in the same industry are struggling just for cashflow.” The truth is that perhaps it is less a ‘funny market’ and more symptomatic of the type of market we have here in New Zealand and, importantly, how we…

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Taxing times: Are you facing a cashflow crisis in April and May? 1200 600 Lee Stace

Taxing times: Are you facing a cashflow crisis in April and May?

Tax represents cash and for all businesses, cash is king – especially in April and May. After all, Inland Revenue (IRD) is expecting two tax payments over these months. The first is due tomorrow (7 April). That’s called terminal tax. If you did not pay enough tax during the 2019-20 income year, you will be…

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Becoming a low-emission business with Thankyou Payroll 1013 551 Lloyd Evaroa

Becoming a low-emission business with Thankyou Payroll

https://player.vimeo.com/video/525273260 We sat down with Christina Bellis, CEO at Thankyou Payroll, to discuss the journey to become low-emission. We’ve placed the timestamps for you to watch and review below. 00:36 Explaining Thankyou Payrolls operating model 01:30 Becoming a low-emission business 03:00 The data. Why we should be focussed on low emissions 06:00 We can fix…

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Partnership with ATAINZ 1024 538 Lloyd Evaroa

Partnership with ATAINZ

March 29, 2021 — Tax Management NZ today announces a partnership with The Accountants and Tax Agents Institute of New Zealand (ATAINZ). The partnership will advance TMNZ’s ambition to accelerate the adoption of tax pooling solutions amongst taxpayers who would benefit from genuine provisional tax flexibility. In addition, TMNZ is announcing plans to commence offers and opportunities…

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Image: Residential property
Property tax changes announced – what you need to know 1200 630 Lee Stace

Property tax changes announced – what you need to know

Property investors will no longer be able to offset their interest expenses against rental income when calculating their tax. This is one of three tax measures announced today by the Government as it attempts to cool the overheating New Zealand housing market. The others include: Extending the bright-line test to 10 years. A ‘change-of-use’ rule…

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Core feature updates to our dashboard 1561 808 Lloyd Evaroa

Core feature updates to our dashboard

Our Partnerships Director, James Stuart, covers the core feature updates in our upgraded dashboard. In this post you’ll find the timestamps for the webinar.

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Image: Watch
How tax agents can kick the hourly billing habit 1200 630 Colin Kennedy

How tax agents can kick the hourly billing habit

It doesn’t matter how many times you hear this question; there aren’t many other questions quite as capable of putting an expert practitioner on the spot like a butterfly pinned to a display cabinet than the dreaded: ‘What’s it going to cost?’ For accountants, lawyers and others who sell their expertise, it sometimes seems the…

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Terminal tax isn’t due until 7 April – so why’s IRD already charging interest? 1200 630 Lee Stace

Terminal tax isn’t due until 7 April – so why’s IRD already charging interest?

Just because a terminal tax amount for the 2019-20 income year is not due and payable until 7 April does not mean Inland Revenue (IRD) is not already charging interest. Why is this happening, you may be asking? There could be several reasons. The method used to calculate your provisional tax payments, your income tax…

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We’ve made provisional tax easier 1344 896 Lloyd Evaroa

We’ve made provisional tax easier

We’ve made some changes to the way our dashboard works. It’s easier to navigate, the number of steps required for working with us is reduced and seeing the status of a taxpayer arrangement is the first thing you see. Navigate without needing to read a manual You can use the left-hand navigation sidebar or the…

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How to protect your cashflow in a time of personal crisis 1200 630 Colin Kennedy

How to protect your cashflow in a time of personal crisis

Illusions of invulnerability – to feel somehow bulletproof – is often attributed to adolescents. In truth, more than 80 percent of the population have an optimism bias; we don’t believe bad things will happen to us. It is a luxury that business owners cannot afford to entertain. Plagues may sweep the world. Our friends and…

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