Inland Revenue

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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Wellington, Hamilton next stops on TMNZ’s road-trip

Wellington, Hamilton next stops on TMNZ’s road-trip Lee Stace

TMNZ is gearing up for roadshows in Wellington and Hamilton later this month following successful events in Auckland and Christchurch this week. St James Theatre and FMG Stadium Waikato will play host to speakers from TMNZ and IRD on October 17 and October 19, and attendees will receive two CPD hours. The theme of these…

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TMNZ prepares to take roadshows across New Zealand

TMNZ prepares to take roadshows across New Zealand Lee Stace

Interest in TMNZ’s roadshows has extended beyond Auckland. Eighty-one people have RSVP’d for the event in Napier and another 87 for the one in Dunedin. They will be held on 3 August (next Wednesday) and 16 August respectively. There is also strong demand for future roadshows to be held in Wellington, Christchurch and Hamilton. It…

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TMNZ roadshows proving popular

TMNZ roadshows proving popular Lee Stace

There has been interest aplenty in TMNZ’s two Auckland roadshows, with more than 300 people down to attend. The two events are slated for 29 July at the Stamford Hotel and 1 August at the Ellerslie Event Centre. As well as getting two CPD hours, attendees will hear from speakers from Inland Revenue (IRD), an…

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Window to purchase 2015 income tax has closed

Window to purchase 2015 income tax has closed Lee Stace

You can no longer purchase 2015 income tax from Tax Management NZ (TMNZ), unless you have received a notice of reassessment 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 past all terminal…

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Time running out to buy 2015 income tax

Time running out to buy 2015 income tax Lee Stace

Clients with a 7 April terminal tax date have until 15 June to purchase 2015 income tax from TMNZ. Inland Revenue will not accept the use of purchased tax pool funds to settle 2015 income tax liabilities if your clients are more than 75 days past their terminal tax date. In order for us to…

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Conferences call for TMNZ

Conferences call for TMNZ Lee Stace

Tax Management NZ (TMNZ) chief executive Chris Cunniffe gave a presentation on business transformation at the One Stop Update conferences in Auckland and Christchurch last week. Chris spoke about the impact of Inland Revenue’s transformation programme and what the proposed changes to business tax mean for those who pay provisional tax. He will also give…

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Tax tip: Coming up to your third provisional tax date and had a better financial year than expected?

Tax tip: Coming up to your third provisional tax date and had a better financial year than expected? Lee Stace

If you have had a better-than-expected year and are considering paying extra income tax at your final provisional tax date (P3) to compensate for earlier underpayments, Tax Management NZ (TMNZ) has an alternative method that will further reduce your exposure to IRD interest. We recommend you pay your estimated liability at P3 and purchase the…

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Connect-ing business owners with tax pooling

Connect-ing business owners with tax pooling Lee Stace

A number of business owners attended the BNZ Newmarket Connect event to find out more about tax pooling. Photo: BNZ Tax Management NZ (TMNZ) in conjunction with Crowe Horwath recently spoke to small business owners about how tax pooling can be used to manage income tax obligations at 13 BNZ branches across New Zealand. The…

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TMNZ happy with government’s revamp of business tax

TMNZ happy with government’s revamp of business tax Lee Stace

The chief executive of New Zealand’s largest tax pooling intermediary, Tax Management NZ (TMNZ), has applauded the New Zealand Government for its decision to be more lenient on how it will apply interest on provisional tax in the future. Prime Minister John Key announced today that Inland Revenue (IRD) will no longer subject businesses using…

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