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Photo: Prodigy Hair Industry's Krystle Walker

Prodigy Hair Industry cuts tax stress

Prodigy Hair Industry cuts tax stress 1920 1282 Lee Stace

Krystle Walker from Prodigy Hair Industry loves cutting and styling hair. She does not love provisional tax. That’s why she utilises the service of TMNZ. They cut away the stress this causes her so she can focus on running and improving her salon.   But more on that in the coming paragraphs. First, some background…

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You vote and TMNZ will donate to charity

You vote and TMNZ will donate to charity Lee Stace

 In the lead-up to Christmas last year, TMNZ gave our clients the gift of giving by letting them choose how much we donated to charity. We have decided to show the same festive season spirit in 2016 after receiving such a positive response. You may have seen a story in the New Zealand Herald about this…

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Paying income tax when it suits business cashflow

Paying income tax when it suits business cashflow Lee Stace

Job done! John Dale (left) working with Xpress Trailers of Silverdale on its revolutionary electro-hydraulic tip trailer. Photo: Supplied. We speak to Battery Technology New Zealand to find out how TMNZ provides it with the flexibility to align provisional tax payments to its cashflow cycles. Seasonal cashflow can make income tax payments difficult for businesses, but…

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Take the sting out of underpaid 2015 income tax

Take the sting out of underpaid 2015 income tax Lee Stace

Find out how to eliminate IRD late payment penalties and reduce interest costs if you have not paid enough income tax. There is a method approved by Inland Revenue (IRD) that can ease the financial pressure on cashflow if the taxman has charged you late payment penalties and interest on underpaid 2015 income tax. It’s…

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Last date to purchase – 7 November terminal tax date

Last date to purchase – 7 November terminal tax date Lee Stace

If your October balance date clients have a 7 November terminal tax date, they have until 21 January to buy tax from Tax Management NZ to settle their income tax liabilities. There is no discretion for late tax purchases to be transferred to IRD if your clients are more than 75 days past their terminal…

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Window to buy 2014 tax now closed

Window to buy 2014 tax now closed Lee Stace

You can no longer purchase tax from Tax Management NZ (TMNZ) to settle 2014 income tax liabilities, unless you have received a reassessment notice from Inland Revenue (IRD). IRD will otherwise not accept the use of purchased tax pool funds to settle provisional and terminal tax liabilities as we are now more than 75 days…

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Minister of Commerce and Consumer Affairs visits TMNZ

Minister of Commerce and Consumer Affairs visits TMNZ Lee Stace

Minister of Commerce and Consumer Affairs Paul Goldsmith visited Tax Management NZ (TMNZ) this morning. He came to our office to find out more about our business, and discuss issues facing New Zealand businesses. Here he is pictured with (from left) TMNZ chief executive Chris Cunniffe, board member Victoria Carter and founder director Ian Kuperus.…

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Missed paying 7 April terminal tax? There’s no need to worry

Missed paying 7 April terminal tax? There’s no need to worry Lee Stace

You do not need to worry if you missed paying terminal tax for the 2014 income year on 7 April. Tax pooling can be used up to 75 days after your terminal tax date to settle 2014 provisional and terminal tax liabilities. Buying tax from Tax Management NZ (TMNZ) can eliminate Inland Revenue late payment…

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Use of money interest update

Use of money interest update Lee Stace

Inland Revenue (IRD) use of money interest rates on underpaid and overpaid tax are set to rise next month. The interest rate charged by IRD on underpaid tax will rise from 8.4 percent to 9.21 percent. The rate for overpaid tax will rise from 1.75 percent to 2.63 percent. The new rates will take effect…

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Expand your business using provisional tax

Expand your business using provisional tax Lee Stace

Provisional tax payments are inevitable and can force any small or medium sized business owners to place plans to expand or reinvest on the backburner. However, Tax Management NZ (TMNZ) has a solution that enables them to manage cashflow better by making an arrangement to pay their tax later. Any owner with cashflow issues should…

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