#cashflow

Photo: Prodigy Hair Industry's Krystle Walker
  • Lee Stace
  • No Comments

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…

read more
  • Lee Stace
  • No Comments

Cashflow survival: Dealing with terminal, provisional tax
Cashflow survival: Dealing with terminal, provisional tax 1200 630 Lee Stace

The months of April and May can really tax your cashflow. Let me explain. On 7 April, IRD expects you to pay terminal tax for the 2018 income year. Terminal tax means a taxpayer did not pay enough provisional tax for the previous year. As such, they need to square up the difference. To make…

read more
  • Lee Stace
  • No Comments

Dealing with IRD’s Christmas present
Dealing with IRD’s Christmas present 1200 630 Lee Stace

Where is IRD’s Christmas spirit? It’s a question many business owners often find themselves asking in December. The reason this thought occupies space in their minds is simple. On 15 January, IRD expects many to pay their second instalment of provisional tax for the 2018-19 income year. They also gleefully await a GST payment. Now…

read more
Paying provisional tax: The ONE thing you must know
  • Lee Stace
  • No Comments

Paying provisional tax: The ONE thing you must know
Paying provisional tax: The ONE thing you must know 1200 630 Lee Stace

Many a business owner is familiar with paying provisional tax. And the reason they are familiar with it is because they do not like paying it. There are myriad reasons why. But perhaps the biggest issue of paying provisional tax is the inflexibility of IRD. They want you to pay on the dates they set.…

read more
Image: Working capital
  • Lee Stace
  • No Comments

Tax Finance: An alternative funding source
Tax Finance: An alternative funding source 1200 630 Lee Stace

Growing a business is hard yakka. More specifically, it costs money. And therein lies a problem for many small business owners: Cashflow. In fact, it’s not a problem. It’s a major problem. According to Xero’s Small Business Insights data for June, less than half of those who took the survey have positive cashflow. Less than…

read more
  • Lee Stace
  • No Comments

Setting up a 2018-19 income year payment plan with Flexitax
Setting up a 2018-19 income year payment plan with Flexitax 1200 630 Lee Stace

Many of your clients will pay their first instalment of provisional tax for the 2018-19 income year on 28 August. As such, now’s an opportune time to mention Flexitax as you discuss tax planning and cashflow management with them. We recommend using this to set up a provisional tax payment plan for the 2018-19 income…

read more
  • Lee Stace
  • No Comments

Late payments from clients don’t have to impact cashflow
Late payments from clients don’t have to impact cashflow 765 450 Lee Stace

Peter and Heather Wavish, owners of Specialist Glass Cleaning and Protection Late payments from clients can affect cashflow and make it difficult to satisfy other obligations. It’s something Heather and Peter Wavish, owners of Specialist Glass Cleaning and Protection, know well. Hence they turn to Tax Management NZ (TMNZ) to mitigate the ramifications this has…

read more
  • Lee Stace
  • No Comments

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…

read more
  • Lee Stace
  • No Comments

Provisional tax reminder letters
Provisional tax reminder letters Lee Stace

We have a provisional tax reminder template which you may find useful, as it references the ability for your clients to use tax pooling to defer upcoming provisional tax payments to a time which suits them. This might be of interest to those clients who are experiencing cashflow constraints ahead of their first instalment of…

read more
  • Lee Stace
  • No Comments

Avoid a cashflow problem in the New Year
Avoid a cashflow problem in the New Year Lee Stace

Here’s how you can delay paying 15 January provisional tax to free up working capital at a time of year when businesses are likely to need it most. The early part of the New Year can be a challenging time for small and medium sized businesses. Results from a poll conducted by the Employers and…

read more
  • 1
  • 2
Enter your
text here
X