TMNZ Blog

News & resources for business flexibility, cashflow and capital expenditure

How to delay paying the taxman Lee Stace

How to delay paying the taxman

Tax Management NZ (TMNZ) has a solution for businesses that might struggle to pay their 7 May provisional tax. It’s called Tax FINANCE. Tax FINANCE allows taxpayers to defer their provisional tax payment to a more convenient time. It provides several benefits. Tax FINANCE allows taxpayers to use the money they would otherwise pay to…

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Happy Easter 2014 Lee Stace

Happy Easter 2014

The team at Tax Management NZ would like to wish everybody a safe and happy Easter. Enjoy the long weekend – and the chocolate. Make sure you kick back and relax with your family. You’ll hear from TMNZ again next Tuesday.

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LAST CHANCE to settle for clients with 7 Feb terminal tax Lee Stace

LAST CHANCE to settle for clients with 7 Feb terminal tax

Those clients with a 7 February terminal tax date who have not settled their 2013 tax position must do so by 22 April. Tax Management NZ (TMNZ) will not be able to help you after that. Please contact TMNZ urgently if clients have not settled their 7 February terminal tax position. Clients with a 7…

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Why tax pooling was implemented Lloyd Evaroa

Why tax pooling was implemented

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…. Lloyd Evaroa

Big is best, they say….

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 Lloyd Evaroa

Simplifying tax pooling – changes to TMNZ’s website

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 Lloyd Evaroa

Creative tax solution to fast growth

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 Lloyd Evaroa

The growing prevalence of tax pooling

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 Lloyd Evaroa

Top five tips for surviving a tax audit

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 Lloyd Evaroa

New system generates easy savings

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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