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…
read moreThe second round of TMNZ’s roadshows concluded in Hamilton yesterday. We would thank those who attended the event at FMG Stadium Waikato, as well as the ones in Wellington (17 October), Christchurch (6 October) and Auckland (5 October). It was lovely to see so many of our existing clients and meet other attendees for the…
read moreTMNZ 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…
read moreThere is plenty of interest in the next round of TMNZ roadshows. The next round of TMNZ roadshows will kick off in front of a full house in Auckland next Wednesday. Pit stops will also be made in Christchurch (6 October), Wellington (17 October) and Hamilton (19 October) as we travel across New Zealand and…
read moreTMNZ has recently received a number of enquiries from clients wishing to pay an historic tax liability through us. We would like to remind clients that we can help reduce IRD interest costs by up to 30 percent and eliminate any late payment penalties if they have received a notice of reassessment from IRD due…
read moreInterest 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…
read moreThere 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…
read moreTax tip: Coming up to your third provisional tax date and had a better financial year than expected?
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…
read moreThe 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…
read moreClients with a 7 February terminal tax date have until 15 April to purchase 2015 income tax from TMNZ. Inland Revenue (IRD) will reject the use of purchased tax pool funds to settle these liabilities if your clients are more than 75 days past their terminal tax date. To ensure we meet this deadline, please…
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