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Pay provisional tax when it suits your business cashflow

TMNZ offers a better way to manage provisional tax, so your payments match your cashflow. All while reducing IRD penalty costs and saving time.

Get more time to pay your provisional tax

By paying TMNZ rather than the IRD, you get more time (up to 75 days after your terminal tax date) and can pay when it suits your business cashflow. We make sure everything is settled on time with IRD so that’s one less thing to worry about.

Reduce cost of business borrowing

Rather than getting a business loan, you can leverage your income tax to keep money in the business. It’s an alternative to business lending. The best part is, acceptance is guaranteed and no credit checks or applications are required.

Save on IRD interest and late payment penalties

Using TMNZ for past dates means that if you have provisional or terminal tax owing to IRD, you can save up to 30% on interest costs and eliminate late payment penalties altogether.

Pay in instalments or lump sums

Get control over your income tax payments so you pay when the funds come in. Options include paying a lump sum at a fixed date in the future or you can chip away at the balance over time.

There are two ways we can help with your provisional tax

01

Want provisional tax payments to match your cashflow?

Flexitax® gives you cashflow flexibility so your provisional tax payments suit your business, without worrying about IRD interest or late payment penalties.

  • Choose to pay provisional tax in lump sums or spread out tax payments over time (up to 75 days after your terminal tax date).
  • The interest charged is tax deductible and based on competitive lending rates (lower than bank overdraft fees). Approval is guaranteed and no security is required.

02

Want to postpone an upcoming provisional tax payment?

Tax Finance allows you to take control over a future provisional tax payment date and gives the certainty of a fixed fee paid upfront.

  • Choose a preferred date to pay, and make your provisional tax payment on the date you chose. We then transfer back-dated tax into your IRD account so it’s as if you paid on time.
  • The fee is also tax deductible and based on competitive lending rates. Approval is guaranteed and no security is required.

How Matt Hannah at Adroit Builders started to do tax on his terms

Matt Hanna, Adroit Builders

Flexitax for better cashflow management

By working with TMNZ, Adroit gained the flexibility to ride smoothly over their cashflow highs and lows. Instead of paying provisional tax on the specific dates required by the IRD, TMNZ deferred Adroit’s payments to a later date that suited their cashflow.

Putting staff first instead of provisional tax

As they expanded during the building boom, the additional profit Adroit made put the company into a higher tax band. This made balancing the books difficult when provisional tax came along. By using Flexitax, they can use their cashflow as it is needed so they no longer have the stress of knowing whether they can pay staff at the end of the week.

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