How Walker & Co Real Estate are doing tax on their terms
Pay provisional tax when it suits your business cashflow
TMNZ offers a better way for New Zealand businesses to manage provisional tax. Get on top of your provisional tax payments so they match your business cashflow, while reducing IRD penalty costs and saving time.
Get more time to pay your provisional tax
By paying through TMNZ’s tax pool rather than directly to the IRD, you get more time to pay (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 for longer. In this way, using TMNZ’s tax pool is 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.
Two ways we can help New Zealand businesses
1
Make your provisional tax payments match your business cashflow so you pay how and when it suits the business
Flexitax® gives you cashflow flexibility so your provisional tax payments suit your business, without worrying about IRD interest or late payment penalties.
You can 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.
2
Defer provisional tax payment dates so you keep money in the business for longer and reduce lending costs
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 to start tax pooling with TMNZ
What our customers say about TMNZ
This is great for small business to manage their cashflow.
– Jacqueline Ironside
Ease of use, cashflow benefits especially for a sole trader.
– Robert Cleland
I found the whole process really easy, my lovely accountant set it up for me and it gives me flexibility with my cash flow, thank you!
– Carolyn Gemmell
[TMNZ has] been really helpful for us as a small business, it has made things a lot less stressful.
– Melissa Randell
Excellent service. Flexible payments, [which is] especially helpful for clients who have erratic cashflows. Competitive interest rates compared to IRD. [If] clients don’t end up taking up the offer, there are no penalties from TMNZ.
– Joy Keaney