Stress less about 15 Jan this summer
Tax payment flexibility that works for business cashflow
“Traditionally, we would pay our tax directly through Inland Revenue, but working with TMNZ makes paying tax so much easier, there are so many options. It’s significantly more flexible than the traditional ways of paying tax.”
– Duncan Rae, Financial Controller, Mitre 10 MEGA Dunedin
Tax payment flexibility that works for business cashflow
“Traditionally, we would pay our tax directly through Inland Revenue, but working with TMNZ makes paying tax so much easier, there are so many options. It’s significantly more flexible than the traditional ways of paying tax.”
– Duncan Rae, Financial Controller, Mitre 10 MEGA Dunedin
Trusted by accountants
“When managing tax, our clients have a lot of issues they face. Some face cashflow issues where they can’t afford to pay on the due date. Some clients like to use the funds to maximize and grow their business, and that’s when TMNZ comes in. It gives businesses that ability to reallocate their funds and to be able to invest in opportunities as they arise.”
– Jarod Chisholm, Tax Advisory Managing Partner, Findex NZ
Inland Revenue approved
TMNZ is New Zealand’s original and largest tax pooling provider. Trusted by over 100,000 taxpayers since 2003. Approved by Inland Revenue and administered by Guardian Trust, your payments are safe and secure with us.
Inland Revenue approved
TMNZ is New Zealand’s original and largest tax pooling provider. Trusted by over 100,000 taxpayers since 2003. Approved by Inland Revenue and administered by Guardian Trust, your payments are safe and secure with us.
Spend less on tax and more on your biz
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Get your free, no-obligation quote |
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Lock in your 15 Jan rate and put your tax to work |
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Pay when it suits your cashflow |
Spend less on
tax and more on your biz
|
Get your free, no-obligation quote |
|
Lock in your 15 Jan rate and put your tax to work |
|
Pay when it suits your cashflow |
Start saving on 15 Jan tax today
Complete the form to receive a call from one of our tax experts within 1 business day to get a free no-obligation quote tailored to your business.
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Join 25,000 Kiwi business who choose TMNZ to take control of their provisional tax payments.
Start saving on 15 Jan tax today
Complete the form to receive a call from one of our tax experts within 1 business day to get a free no-obligation quote tailored to your business.
"*" indicates required fields
Join 25,000 Kiwi business who choose TMNZ to take control of their provisional tax payments.
Join 25,000 Kiwi business who choose TMNZ to take control of their provisional tax payments.
Start saving on 15 Jan tax today
Complete the form to receive a call from one of our tax experts within 1 business day to get a free no-obligation quote tailored to your business.
"*" indicates required fields
Are you missing out?
“The majority of our business is actually small to medium enterprise… anybody with income fluctuations throughout the year, TMNZ has the perfect product. You get more time to pay – another 75 days after your terminal tax date – and purchasing tax through us is going to be cheaper than paying IRD penalties and interest.”
– Joe Kettlewell, Customer Growth Manager TMNZ
Are you missing out?
“The majority of our business is actually small to medium enterprise… anybody with income fluctuations throughout the year, TMNZ has the perfect product. You get more time to pay – another 75 days after your terminal tax date – and purchasing tax through us is going to be cheaper than paying IRD penalties and interest.”
– Joe Kettlewell, Customer Growth Manager, TMNZ.
Beat the summer squeeze!
Does your financial year end on 31 March? Then your second provisional payment is due 15 January. TMNZ can delay it without risk of IRD penalties.
Beat the summer squeeze!
Does your financial year end on 31 March? Then your second provisional payment is due 15 January. TMNZ can delay it without risk of IRD penalties.
FAQs
For businesses with a standard 31 March balance date, the second provisional tax instalment is due 15 January. However, TMNZ allows you to extend this payment deadline by up to 17 months, giving you the flexibility to keep cash in your business over the summer break.
Yes. You can defer your 15 January payment to a date that suits your cashflow – without incurring Inland Revenue late payment penalties. You simply pay a competitive interest rate on the amount deferred, which is significantly lower than IRD interest and penalties.
Generally, provisional tax is calculated using the standard “uplift” method (your last year’s residual income tax + 5%). However, getting this figure right is critical to avoiding IRD interest if your income fluctuates.
Want to be certain? Our team can help you check your numbers and payment options to ensure you don’t pay a dollar more than you need to. Book a call with a Tax Expert.