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Guardian Trust

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Earn greater return on surplus provisional tax
Earn greater return on surplus provisional tax Lee Stace

Paying provisional tax into the TMNZ tax pool account at IRD is something you may wish to consider if you are due to pay on 28 November or 15 January. Many of you will be familiar with how Tax Management NZ (TMNZ) gives you greater control over your upcoming provisional tax payments, and can reduce…

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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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Flexitax – TMNZ’s most flexible way to pay income tax
Flexitax – TMNZ’s most flexible way to pay income tax Lee Stace

Businesses wanting to ease the burden income tax payments have on cashflow and have greater flexibility around their payments now have another way to pay. They can pay their provisional and terminal tax through Tax Management NZ (TMNZ) via monthly instalments, where they pay what they can, when they can. Tax pooling intermediaries, which are…

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How to use provisional tax to grow business
How to use provisional tax to grow business Lee Stace

Tax pooling frees up the cashflow businesses need to take advantage of favourable economic conditions. The business outlook for the coming year is positive, with reports indicating that 2015 will be another strong one for the New Zealand economy. According to a survey conducted by the Employers and Manufacturers Association at the end of last…

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A way to solve Christmas cashflow issues
A way to solve Christmas cashflow issues Lee Stace

The period after Christmas can be tough for many small and medium sized businesses. According to more than half the respondents to a poll conducted by the Employers and Manufacturers Association, January to March is when they tend to experience cashflow constraints. It’s hardly surprising, really. The period after Christmas is traditionally slow business-wise. Consumers…

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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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Manage client IRD interest exposure smarter
Manage client IRD interest exposure smarter Lee Stace

With the 28 November and 15 January provisional tax dates approaching, now is the perfect time to talk to your larger clients about the benefits of TMNZ corporate membership. Clients who experience volatility or pay substantial amounts of provisional tax (more than $100,000 at each date) can reduce their exposure to use of money interest…

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New form of protection from IRD penalties, interest
New form of protection from IRD penalties, interest Lee Stace

Taxpayers with volatile income can now protect themselves in advance from the risk of incurring hefty IRD late payment penalties and use of money interest (UOMI) if they have a better-than-expected financial year. Tax SHIELD™, a new product from Tax Management NZ (TMNZ), lets taxpayers put an arrangement in place whereby they pay an upfront…

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How exporters can ease tight cashflow situations
How exporters can ease tight cashflow situations Lee Stace

Although small and medium-sized exporters face uncertainty around sales and costs, and the challenges of a high New Zealand dollar, Inland Revenue expects them to pay provisional tax on time. Using tax pooling to defer these payments can eliminate late payment penalties and use of money interest and alleviate cashflow concerns. Here is a scenario…

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