Stream - Tax Pooling – the Basics and Benefits
Tax Pooling – the Basics and Benefits
Learn how tax pooling works and discover the many ways it can help accountants and businesses better manage tax.
Our speakers
Clyden Manikkam, Director of Strategy and Sales, TMNZ
Clyden is responsible for the commercial direction and outcomes for TMNZ. He has a strong tax and commercial background, having held senior roles at IRD primarily involved in investigations and prosecutions, and also having previously managed businesses in the private sector.
Kathleen Payne, Director of Strategic Partnerships, TMNZ
Kathleen brings a wide range of experience in tax and accounting from positions held in both top tier and smaller accounting firms, as well as experience in a corporate tax environment. She values client relationships and enabling others to succeed with business solutions and training.
Book a tax pooling overview for your business
Is tax pooling the right solution for you? Every business we work with has different needs. Book an overview with one of our tax pooling specialists to find out how we can support you.
Registration - Tax Pooling – the Basics and Benefits
Tax Pooling – the Basics and Benefits
Wednesday 19 July 2023
10:30am – 11:00am
0.5 CPD hours
Learn how tax pooling works and discover the many ways it can help accountants and businesses.
Tax Pooling – the Basics and Benefits
Wednesday 19 July 2023
10:30am – 11:00am
0.5 CPD hours
Learn how tax pooling works and discover the many ways it can help accountants and businesses.
Overview
We’re pleased to invite you to our webinar, Tax Pooling – the Basics and Benefits. If you’re new to tax pooling, or need a refresher, join us 19 July to learn how tax pooling works and how it can help accountants and businesses better manage tax payments, with more freedom and cashflow flexibility.
What you'll learn
- the fundamentals of tax pooling and how it works
- all the benefits of tax pooling
- best practice uses of tax pooling in the current environment
- the important ways TMNZ can help accountants and businesses.
Who this is for
This webinar is perfect for:
- tax agents and accountants in public practice looking for an introduction to tax pooling, or wanting to refresh their knowledge
- business owners interested in using tax pooling to manage their tax with more freedom and cashflow flexibility.
It will count towards 0.5 CPD hours, and certificates will be provided. Your colleagues and connections are also welcome to join.
Our speakers
Clyden Manikkam, Director of Strategy and Sales, TMNZ
Clyden is responsible for the commercial direction and outcomes for TMNZ. He has a strong tax and commercial background, having held senior roles at IRD primarily involved in investigations and prosecutions, and also having previously managed businesses in the private sector.
Kathleen Payne, Director of Strategic Partnerships, TMNZ
Kathleen brings a wide range of experience in tax and accounting from positions held in both top tier and smaller accounting firms, as well as experience in a corporate tax environment. She values client relationships and enabling others to succeed with business solutions and training.
Book a tax pooling overview for your business
Is tax pooling the right solution for you? Every business we work with has different needs. Book an overview with one of our tax pooling specialists to find out how we can support you.
Tax Audits and Reassessments
Facing an Inland Revenue tax audit or reassessment?
TMNZ can help reduce costs on all types of reassessed tax arising from tax audits and voluntary disclosures.
Facing a tax audit or reassessment?
TMNZ can help reduce costs on all types of reassessed tax arising from tax audits and voluntary disclosures.
Facing a tax audit or reassessment?
TMNZ can help reduce costs on all types of reassessed tax arising from tax audits and voluntary disclosures.
Cover historical tax
TMNZ has the largest pool of audit tax in New Zealand. The oldest tax in our pool goes as far back as 2010, putting us in the best position for tax audit protection.
Save on interest
TMNZ can help you reduce interest costs on additional tax to pay and save on tax audit penalties following a tax reassessment.
No matter what tax you owe
We can help with all reassessed tax — PAYE, FBT, GST, NRWT, terminal tax and provisional tax. We’re experts at keeping your tax reassessment stress-free.
Cover historical tax
TMNZ has the largest pool of audit tax in New Zealand. The oldest tax in our pool goes as far back as 2010, putting us in the best position for tax audit protection.
Save on interest
TMNZ can help you reduce interest costs on additional tax to pay and save on audit penalties following a tax reassessment.
No matter what tax you owe
We can help with all reassessed tax — PAYE, FBT, GST, NRWT, terminal tax and provisional tax. We’re experts at keeping your tax reassessment stress-free.
Using tax pooling for a tax reassessment
We might be able to help with historical tax owing if:
- you’ve been through an Inland Revenue tax audit and found that you owe tax
- or you’re undertaking a voluntary disclosure and have discovered that you owe tax.
And:
- you apply to use tax pooling within 60 days of your tax reassessment.
In either case, you could save on interest by using tax in the pool. We can help with any type of tax, including PAYE, FBT, GST, NRWT, AIL, terminal tax, and provisional tax.
What we'll need
To help you with a tax reassessment, there are two things you need to know:
- the amount of tax you owe following the reassessment
- the date of the reassessment.
If you’re unsure where to find this information, we can help. Get in touch.
Tax Audit FAQs
A tax reassessment arises when Inland Revenue adjusts a previous tax return to increase (or sometime decrease) the amount of tax you owe. It can follow from Inland Revenue reviewing your past tax returns or carrying out a full audit of your tax affairs. It can also arise where you have made a voluntary disclosure to Inland Revenue to correct a tax position that you have previously taken.
Where Inland Revenue issues a reassessment of a prior tax period that results in you having to pay more tax, you may be able to use tax pooling to help you pay your reassessed tax.
Inland Revenue will charge you interest on the reassessed tax, dating back to the period when the tax was originally due. TMNZ can reduce the interest costs, and give you more time to pay the reassessed tax.
New Zealand’s tax pooling rules allow for pooling to be used to meeting increased tax liabilities across most tax types, including income tax (provisional and terminal tax), PAYE, FBT, GST, NRWT, ESCT, and AIL.
A voluntary tax disclosure is when you choose to tell Inland Revenue about mistakes with your tax affairs. Any person or business liable for paying tax can make a voluntary tax disclosure. Even if you have already received a tax audit notice, you can still make a voluntary tax disclosure. This can be done in the initial interview stage or during the inspection of your records.
Making a voluntary tax disclosure can save you on penalty charges. In many cases, penalties on any tax shortfall can be reduced by 75% or even 100%.
You are better off making a voluntary disclosure than waiting for Inland Revenue to find inconsistencies with your tax payments.
Never miss a tax deadline
Pay your provisional tax on time, every time.
See upcoming provisional and terminal tax dates with TMNZ’s free calendar.
Login - NZ Budget 2023
NZ Budget 2023 – review with Tony Alexander
Our speakers
Tony Alexander, Independent Economist
Tony is a renowned economics analyst and commentator in New Zealand. He worked for BNZ for 26 years, 25 of which were as Chief Economist. His focus has always been on translating developments and trends in the economics sphere into a language that people can understand, aiming to help New Zealanders make better decisions for their businesses, investments, home purchases, and people.
Chris Cunniffe, CEO, TMNZ
Chris has been leading TMNZ as CEO for over 10 years. He was made a CA ANZ Fellow in 2019 and has been on the CAANZ Tax Advisory Group for more than 20 years. Before TMNZ, Chris was Head of Tax at Air New Zealand and Bank of New Zealand.
Book a tax pooling overview for your business
Is tax pooling the right solution for you? Every business we work with has different needs. Book an overview with one of our tax pooling specialists to find out how we can support you.
Stream - NZ Budget Review with Tony Alexander
NZ Budget Review — with Tony Alexander
Our speakers
Tony Alexander, Independent Economist
Tony is a renowned economics analyst and commentator in New Zealand. He worked for BNZ for 26 years, 25 of which were as Chief Economist. His focus has always been on translating developments and trends in the economics sphere into a language that people can understand, aiming to help New Zealanders make better decisions for their businesses, investments, home purchases, and people.
Chris Cunniffe, CEO, TMNZ
Chris has been leading TMNZ as CEO for over 10 years. He was made a CA ANZ Fellow in 2019 and has been on the CAANZ Tax Advisory Group for more than 20 years. Before TMNZ, Chris was Head of Tax at Air New Zealand and Bank of New Zealand.
Book a tax pooling overview for your business
Is tax pooling the right solution for you? Every business we work with has different needs. Book an overview with one of our tax pooling specialists to find out how we can support you.
Stream - Tax pooling - a better way for 7 May
Tax pooling - a better way to manage 7 May
Our speakers
Clyden Manikkam, Director of Strategy and Sales, TMNZ
Clyden is responsible for the commercial direction and outcomes for TMNZ. He has a strong tax and commercial background, having held senior roles at IRD primarily involved in investigations and prosecutions. Clyden has also previously managed businesses in the private sector.
Kathleen Payne, Director of Strategic Partnerships, TMNZ
Kathleen brings a wide range of experience in tax and accounting from positions held in both top tier and smaller accounting firms, as well as experience in a corporate tax environment. She values client relationships and enabling others to succeed with business solutions and training.
Book a tax pooling overview for your business
Is tax pooling the right solution for you? Every business we work with has different needs. Book an overview with one of our tax pooling specialists to find out how we can support you.
Login - Tax pooling - a better way for 7 May
Tax pooling - a better way to manage 7 May
Our speakers
Clyden Manikkam, Director of Strategy and Sales, TMNZ
Clyden is responsible for the commercial direction and outcomes for TMNZ. He has a strong tax and commercial background, having held senior roles at IRD primarily involved in investigations and prosecutions. Clyden has also previously managed businesses in the private sector.
Kathleen Payne, Director of Strategic Partnerships, TMNZ
Kathleen brings a wide range of experience in tax and accounting from positions held in both top tier and smaller accounting firms, as well as experience in a corporate tax environment. She values client relationships and enabling others to succeed with business solutions and training.
Book a tax pooling overview for your business
Is tax pooling the right solution for you? Every business we work with has different needs. Book an overview with one of our tax pooling specialists to find out how we can support you.
Innovative Tax Technology
Our technology makes tax time easy
Save time on compliance and bring your clients more value with TMNZ’s tax technology, dashboard features and integrations with other leading FinTechs.
Our technology makes tax time easy
Save time on compliance and bring your clients more value with TMNZ’s tax technology, dashboard features and integrations with other leading FinTechs.
Tax Tech
Get real-time access to client tax information, automate compliance reporting, and streamline communication. Direct Inland Revenue connectivity removes manual data entry, reduces errors, and keeps your practice working with the most current data for decisions and advisory.
Make your life easier
- Instant access to Inland Revenue data for faster reviews and filings
- Automated reporting that cuts admin and error risk
- More time for higher-value advisory and planning
Why your clients will love it
- Faster turnaround and more accurate advice
- Fewer processing delays and fewer corrections
- Better cashflow management with timely insights
Ideal for
- High-volume practices
- Firms seeking automation and compliance efficiencies
- Teams that need real-time taxpayer data
Direct connection to Inland Revenue; instant access, zero delays, maximum accuracy.
Connect once and work from one place. TMNZ transactions appear in your TaxLab dashboard with automatic sync, so double entry drops away, reporting is clearer, and reviews move faster, freeing up more time for advisory. With our integration, you can easily generate tax pooling quotes directly from TaxLab as well as send provisional tax reminders to your clients using our tax pooling products, to optimise your workflow.
Make your life easier
- Plan and line payments up with how the business earns
- Place deposits when it helps most and avoid unnecessary costs
- Demonstrate cashflow expertise beyond basic compliance
Why your clients will love it
- Turn surplus cash into future tax credits
- Reduce pressure at peak payment times and year end
- Maintain flexibility with a steadier cash position across the year
Ideal for
- Profitable businesses with strong cashflow
- Companies seeking proactive tax planning
- Organisations with seasonal peak
Keep the TaxLab interface you know and add more power where it counts.
We’re working closely with all major tax technology providers in New Zealand as well as innovative FinTech to provide the best, seamless experience when using multiple products to manage your tax and financial matters. We collaborate with organisations like Xero, CCH, Wolters Kluwer, MYOB and others to make services across the industry more accessible. Talk to us about new integrations or products that you would like to see on your TMNZ dashboard.
Product Features
Group Optimiser
Group Optimiser lets you manage group tax positions from a single dashboard. Enter details for each entity once, calculate positions across multiple taxpayers, and generate the required transactions in one pass.
Tax Calculator
Work out your tax instantly across scenarios, entity types, and obligations with our tax calculator. Handle provisional and terminal tax, penalty calculations, and multi-year projections to support real-time planning and scenario analysis throughout the year.
Upcoming Deadlines
Track every tax deadline across your client base in one place. The Upcoming Deadlines system monitors multiple obligation types, prioritises upcoming tax dates, and enables you to send reminders, so nothing is missed and workflows run efficiently.
Automated Tax Swaps
Reallocate tax obligations between entities and periods to optimise overall positions. Adjust timing, refine entity use, and transfer obligations where appropriate to improve cashflow and reduce the total tax burden, while remaining fully compliant.
Learn more about our product features in our Smart Tax Solutions flyer here .
Technology partners
Speak to our dedicated team to tax experts today
If you want to understand more about how our innovative tax technology can help you, or you’re looking to set up one of the integrations or features mentioned here, please get in touch.
Budget 2023 - review with Tony Alexander
Budget 2023 - review
with Tony Alexander
Friday 19 May
10am – 11am
Join our NZ Budget 2023 Review with Tony Alexander, the morning following the Government’s big announcements. As one of New Zealand’s leading economists, Tony will be sharing key takeaways from Budget 2023 and his expert view on New Zealand’s economic outlook.
Budget 2023 - review with Tony Alexander
Friday 19 May
10am – 11am
Join our NZ Budget 2023 Review with Tony Alexander, the morning following the Government’s big announcements. As one of New Zealand’s leading economists, Tony will be sharing key takeaways from Budget 2023 and his expert view on New Zealand’s economic outlook.
What we'll cover
- What does Budget 2023 mean for New Zealand’s economy and businesses?
- How is Budget 2023 going to help the cost of living challenges?
- The big Budget 2023 tax implications, co-presented with Chris Cunniffe, TMNZ CEO
- As well as Q&A
Who this is for
This online seminar is for our tax agents and accountants to gain insights on how the Government’s 2023 Budget will impact their business and their clients. Your colleagues and connections are also welcome to join.
Our speakers
Tony Alexander, Independent Economist
Tony is a renowned economics analyst and commentator in New Zealand. He worked for BNZ for 26 years, 25 of which were as Chief Economist. His focus has always been on translating developments and trends in the economics sphere into a language which people can understand, aiming to help kiwis make better decisions for their businesses, investments, home purchases, and people.
Chris Cunniffe, CEO, TMNZ
Chris has been leading TMNZ as CEO for over 10 years. He was made a CA ANZ Fellow in 2019 and has been on the CAANZ Tax Advisory Group for more than 20 years. Before TMNZ, Chris was Head of Tax at Air New Zealand and Bank of New Zealand.
Book a tax pooling overview for your business
Is tax pooling the right solution for you? Every business we work with has different needs. Book an overview with one of our tax pooling specialists to find out how we can support you.
Tax pooling - a better way for 7 May
Tax pooling - a better way to manage 7 May
Thursday 27 April 2023
10:30am – 11:00am NZST (GMT+13)
0.5 CPD hours
Learn how tax pooling can eliminate the pressures and risks that come with the 7 May payment drain.
Tax pooling - a better way to manage 7 May
Thursday 27 April 2023
10:30am – 11:00am NZST (GMT+13)
0.5 CPD hours
Learn how tax pooling can eliminate the pressures and risks that come with the 7 May payment drain.
What you'll learn
- Market insights
- Structuring 7 May tax payments to suit your clients’ specific situations
- Managing the upcoming year’s tax obligations for your clients
- Best practice use of tax pooling in the current environment
Who this is for
This webinar is perfect for tax agents and accountants in public practice and counts towards 0.5 CPD hours (certificates will be provided). Your colleagues and connections are also welcome to join.
Our speakers
Clyden Manikkam, Director of Strategy and Sales, TMNZ
Clyden is responsible for the commercial direction and outcomes for TMNZ. He has a strong tax and commercial background, having held senior roles at IRD primarily involved in investigations and prosecutions. Clyden has also previously managed businesses in the private sector.
Kathleen Payne, Director of Strategic Partnerships, TMNZ
Kathleen brings a wide range of experience in tax and accounting from positions held in both top tier and smaller accounting firms, as well as experience in a corporate tax environment. She values client relationships and enabling others to succeed with business solutions and training.
Book a tax pooling overview for your business
Is tax pooling the right solution for you? Every business we work with has different needs. Book an overview with one of our tax pooling specialists to find out how we can support you.