TMNZ Blog

News & resources for business flexibility, cashflow and capital expenditure

Major change to tax pooling rules Lee Stace

Major change to tax pooling rules

Chris Cunniffe. Tax Management NZ CEO Chris Cunniffe explains how an amendment to tax pooling rules will benefit taxpayers with back-year audits or who are involved in long-running disputes with the IRD. I am pleased to advise Tax Management NZ’s clients that the Minister of Revenue, Todd McClay, yesterday announced his intention to introduce amending…

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TMNZ’s Doug Maarschalk excited about new role Lee Stace

TMNZ’s Doug Maarschalk excited about new role

Tax Management NZ (TMNZ) Business Development Manager Doug Maarschalk is bracing himself for quite a lot of travel in the next few months. That’s because his decision to relocate his family to Tauranga means his focus will now shift to managing the accounts of new and existing clients in the Bay of Plenty, Waikato, Hawke’s…

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IMF figure debates global policy with future NZ tax leaders Lee Stace

IMF figure debates global policy with future NZ tax leaders

Hamish Cameron (left) was among those who got the opportunity to rub shoulders with the Michael Keen from the IMF. Photo: Jane Ling Around 40 young aspiring tax policy leaders discussed and debated global tax policy issues with the deputy director of the International Monetary Fund’s fiscal affairs department while he was in New Zealand…

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Last chance to settle 2013 tax liabilities Lee Stace

Last chance to settle 2013 tax liabilities

Those with clients who have a 2013 terminal tax date of 7 April can still purchase tax – but must arrange to do so immediately. Tax Management NZ (TMNZ) has a plentiful supply of tax available to save your clients late payment penalties and Inland Revenue (IRD) use of money interest should they not have…

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Future NZ tax leaders to debate global policy with IMF figure Lee Stace

Future NZ tax leaders to debate global policy with IMF figure

A select group of future New Zealand tax policy leaders will discuss and debate global tax policy issues with the deputy director of the International Monetary Fund’s fiscal affairs department this week. Michael Keen (pictured), as the 2014 Robin Oliver Tax Policy Scholarships visiting lecturer, will engage with 50 young tax professionals from the public…

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Important notice about 2013 terminal tax Lee Stace

Important notice about 2013 terminal tax

Those with clients who have a 2013 terminal tax date of 7 April can still purchase tax – but must do so by 16 June, 2014. Tax Management NZ (TMNZ) has a plentiful supply of tax available to save your clients late payment penalties and Inland Revenue (IRD) use of money interest should they not…

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Reduce the cost of paying late terminal, provisional tax with tax pooling Lee Stace

Reduce the cost of paying late terminal, provisional tax with tax pooling

Anyone who has been hit hard by Inland Revenue (IRD) late payment penalties and use of money interest (UOMI) for unpaid or underpaid tax knows how crippling this can be. It’s the last thing you want to happen. However, using tax pooling to settle income tax liabilities reduces your exposure to late payment penalties and…

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Managing provisional tax payments to get a competitive advantage Lee Stace

Managing provisional tax payments to get a competitive advantage

Businesses do not have to pay provisional tax when Inland Revenue says they do. There’s a way for them to defer provisional tax payments to a more convenient time without incurring late payment penalties and use of money interest. Picture this: two rival car grooming businesses based in the Auckland suburb of Penrose. Let’s say…

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Provisional tax doesn’t have to cause cashflow problems Lee Stace

Provisional tax doesn’t have to cause cashflow problems

Small and medium-sized businesses acknowledge there are times of the year when it is difficult for them to make provisional tax payments due to cashflow issues. Tax pooling can help them manage their provisional tax liabilities without breaking the bank. A recent poll on tax payment practices and tax pooling, conducted by the Employers and…

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See how the Government plans to spend your tax dollars Lee Stace

See how the Government plans to spend your tax dollars

Taxpayers can use an online app to see how this year’s Budget figures compare to what their individual tax dollars purchased last year. Income Tax Tracker breaks down the Government’s spending figures to produce an individualised receipt so people have an insight on what the state is doing with their money. It breaks spending down…

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