Reminders

Important information about purchasing tax

Important information about purchasing tax TMNZ Blog

You can no longer purchase tax from Tax Management NZ (TMNZ) to settle 2013 terminal or provisional tax liabilities – unless you have received a reassessment notice from Inland Revenue (IRD). IRD will otherwise not accept the use of tax pool funds to settle these liabilities, as it is beyond 75 days after all terminal…

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Last chance to settle 2013 tax liabilities

Last chance to settle 2013 tax liabilities TMNZ Blog

Those with clients who have a 2013 terminal tax date of 7 April can still purchase tax – but must arrange to do so immediately. Tax Management NZ (TMNZ) has a plentiful supply of tax available to save your clients late payment penalties and Inland Revenue (IRD) use of money interest should they not have…

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Important notice about 2013 terminal tax

Important notice about 2013 terminal tax TMNZ Blog

Those with clients who have a 2013 terminal tax date of 7 April can still purchase tax – but must do so by 16 June, 2014. Tax Management NZ (TMNZ) has a plentiful supply of tax available to save your clients late payment penalties and Inland Revenue (IRD) use of money interest should they not…

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Reduce the cost of paying late terminal, provisional tax with tax pooling

Reduce the cost of paying late terminal, provisional tax with tax pooling TMNZ Blog

Anyone who has been hit hard by Inland Revenue (IRD) late payment penalties and use of money interest (UOMI) for unpaid or underpaid tax knows how crippling this can be. It’s the last thing you want to happen. However, using tax pooling to settle income tax liabilities reduces your exposure to late payment penalties and…

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Managing provisional tax payments to get a competitive advantage

Managing provisional tax payments to get a competitive advantage TMNZ Blog

Businesses do not have to pay provisional tax when Inland Revenue says they do. There’s a way for them to defer provisional tax payments to a more convenient time without incurring late payment penalties and use of money interest. Picture this: two rival car grooming businesses based in the Auckland suburb of Penrose. Let’s say…

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KEY INFORMATION: 2013 terminal tax

KEY INFORMATION: 2013 terminal tax TMNZ Blog

Do not worry if you have missed your 7 April terminal tax deadline. Taxpayers can still purchase tax for 2013 up until 16 June if they need to settle their tax liabilities. However, those with 7 February terminal tax are out of luck. They will not be able to use tax pooling to settle this…

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Manage tax exposure from foreign super scheme withdrawals with tax pooling

Manage tax exposure from foreign super scheme withdrawals with tax pooling TMNZ Blog

Terry Baucher. Baucher Consulting director and Tax Management NZ client Terry Baucher explains how tax pooling can help manage the tax liabilities of those looking to make withdrawals from foreign superannuation schemes or transfer FSS funds to a New Zealand superannuation scheme or KiwiSaver. The start of the new tax year on 1 April, 2014 saw…

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How to delay paying the taxman

How to delay paying the taxman TMNZ Blog

Tax Management NZ (TMNZ) has a solution for businesses that might struggle to pay their 7 May provisional tax. It’s called Tax FINANCE. Tax FINANCE allows taxpayers to defer their provisional tax payment to a more convenient time. It provides several benefits. Tax FINANCE allows taxpayers to use the money they would otherwise pay to…

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LAST CHANCE to settle for clients with 7 Feb terminal tax

LAST CHANCE to settle for clients with 7 Feb terminal tax TMNZ Blog

Those clients with a 7 February terminal tax date who have not settled their 2013 tax position must do so by 22 April. Tax Management NZ (TMNZ) will not be able to help you after that. Please contact TMNZ urgently if clients have not settled their 7 February terminal tax position. Clients with a 7…

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Creative tax solution to fast growth

Creative tax solution to fast growth TMNZ Blog

Fast growth can impose hefty pressure on a business’s financial situation, especially at tax time. If a company has trouble finding the cash to pay and they’re late, the IRD hits them with high use of money interest on their tax bill at 8.4% plus there are late penalties as well. Smart companies plan ahead…

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