Tax finance
100% flexible. 100% compliant. 100% easy.
A.K.A pay when you like
Tax finance gives you the freedom to make payments when you know your business will have the cashflow. And because you can choose any date up to 75 days after terminal tax, you can rest easy knowing your money is safely in the hands of an approved guardian trust, and that the risk of late payment penalties or Inland Revenue interest is a thing of the past.
Relax, we've got you covered
The days of paying big bank lending costs are over. We’ll make sure your tax is paid on time. All you need to do is pay your fee up front (we’ll calculate that for you) to lock in a great interest rate.
Your cashflow crystal ball
Tax pooling gives you the ability to look ahead and match your tax payments to seasonal highs. Meaning you can avoid things that have the power to set you and your business back – like bank overdrafts and loans.
Tax finance
100% flexible. 100% compliant. 100% easy.
With the ability to pick a date in the future and lock in your finance rate, you’ll have more freedom to match your tax payments to your cashflow. Meaning you can keep cash where you need it most (your business) longer, while locking in interest rates that have the added bonus of being tax deductable.
Tax finance
100% flexible. 100% compliant. 100% easy.
With the ability to pick a date in the future and lock in your finance rate, you’ll have more freedom to match your tax payments to your cashflow. Meaning you can keep cash where you need it most (your business) longer, while locking in interest rates that have the added bonus of being tax deductable.
A.K.A pay when you like
Tax finance gives you the freedom to make payments when you know your business will have the cashflow. And because you can choose any date up to 75 days after terminal tax, you can rest easy knowing your money is safely in the hands of an approved guardian trust, and that the risk of late payment penalties or Inland Revenue interest is a thing of the past.
Relax, we've got you covered
The days of paying big bank lending costs are over. We’ll make sure your tax is paid on time. All you need to do is pay your fee up front (we’ll calculate that for you) to lock in a great interest rate.
Your cashflow crystal ball
Tax pooling gives you the ability to look ahead and match your tax payments to seasonal highs. Meaning you can avoid things that have the power to set you and your business back – like bank overdrafts and loans.
A.K.A pay when you like
Tax finance gives you the freedom to make payments when you know your business will have the cashflow. And because you can choose any date up to 75 days after terminal tax, you can rest easy knowing your money is safely in the hands of an approved guardian trust, and that the risk of late payment penalties or Inland Revenue interest is a thing of the past.
Relax, we've got you covered
The days of paying big bank lending costs are over. We’ll make sure your tax is paid on time. All you need to do is pay your fee up front (we’ll calculate that for you) to lock in a great interest rate.
Your cashflow crystal ball
Tax pooling gives you the ability to look ahead and match your tax payments to seasonal highs. Meaning you can avoid things that have the power to set you and your business back – like bank overdrafts and loans.
An example of tax finance
The set up
Let’s say you have a tax bill of $36,000 due on 28 August. You have the money set aside but paying your tax bill now will mean cutting back on necessary costs and slowing down your business growth.
There is a better way
It’s called a tax finance agreement.
How it works
Instead of using that $36,000 to pay your tax right now, you can lock in a fixed interest rate and a set payment date up to 75 days after your terminal tax date. Doing this means your bill is now due next March (when you forecast a better cashflow position). We’ll then calculate the finance fee to this date, which you pay to lock in the rate.
The benefit
Come March, you can pay your tax bill without negatively impacting your cashflow or business. As far as Inland Revenue is concerned, you’ve paid your tax on time, saving yourself from late payment penalties and Inland Revenue interest.
An example of tax finance
The set up
Let’s say you have a tax bill of $36,000 due on August 28th. You have the money set aside but paying your tax bill now will mean cutting back on necessary costs and slowing down your business growth.
There is a better way
It’s called a tax finance agreement.
How it works
Instead of using that $36,000 to pay your tax right now, you can lock in a fixed interest rate and a set payment date up to 75 days after your terminal tax date. Doing this means your bill is now due next March (when you forecast a better cashflow position). We’ll then calculate the finance fee to this date, which you pay to lock in the rate.
The benefit
As far as IR is concerned, you’ve paid your tax up front and on time, saving yourself from LPP and IR UOMI. Come March, you can pay your tax bill without negatively impacting your cashflow or business.
Contact Us
Want to know more about how tax pooling could help your business?
Our support team (the largest in NZ) have all the answers.
Get in touch with us today.