How TMNZ partners with accountants to simplify tax for growing businesses

The situation

Sauvruth Sanjay is the Senior Accountant at Orb360, a small-to-medium-sized chartered accounting firm based in Auckland and Wellington. They specialise in helping SME businesses with compliance, tax advisory, dispute resolution, and franchise consulting. They’ve built a reputation for delivering tailored solutions for their clients’ financial needs, including navigating complex tax obligations.

The challenge

Many of Orb360’s clients struggle with:

Compliance issues: Filing tax returns on time and avoiding IRD interest and penalties.
Cashflow pressures: Juggling multiple tax obligations simultaneously (e.g., GST and provisional tax), creating strain on cashflow and preventing reinvestment into their operations.

These challenges are especially significant for SMEs, where resources are stretched, and missing deadlines can have costly consequences.

The solution

Over a decade ago, Orb360 partnered with TMNZ, to provide their clients with flexible, tailored provisional tax solutions. TMNZ offers:

Flexibility: Clients can pay provisional tax on their terms, aligning payments with their business cashflow cycles, not just IRD’s deadlines.
Cost savings: No IRD penalties and interest, freeing up funds for other priorities.
Peace of mind: Integrated systems ensure clients never miss tax deadlines, reducing stress for both clients and accountants.

TMNZ also supports Orb360 during IRD audits and reassessments, providing an additional 90-day payment window to ease financial pressure during tax disputes.

The results

Improved compliance: Orb360’s clients now consistently meet tax deadlines, avoiding penalties and maintaining good standing with IRD.
More cashflow flexibility: Businesses can manage large tax bills without sacrificing operational growth, reinvesting funds into their companies.
Stronger client relationships: The partnership with TMNZ has strengthened Orb360’s reputation as a strategic partner for business growth.
Operational efficiency for accountants: TMNZ’s dedicated account managers and responsive support team have streamlined workflows for Orb360’s accountants, allowing them to focus on client growth.

Your key takeaway

For small and medium sized businesses, managing tax compliance and cashflow can be overwhelming. By partnering with TMNZ, Orb360 has provided their clients with a strategic financial planning tool, ensuring cashflow flexibility, cost savings, and peace of mind. This collaboration has not only helped clients thrive but also supported Orb360’s growth as a trusted advisor.

For more on how our TMNZ’s solutions can help your business,  go here.