fbpx

tax finance

Paying provisional tax: The ONE thing you must know

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

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

Defer payment of 28 March provisional tax

Defer payment of 28 March provisional tax Lee Stace

Tax Management NZ (TMNZ) has a product that those who might struggle to pay provisional tax due on 28 March might find helpful. Tax FINANCE allows you to defer this payment to a time that suits you, without having to worry about IRD late payment penalties and interest. The benefits of Tax FINANCE include: Cheaper…

read more

Beat the IRD interest rate rise

Beat the IRD interest rate rise Lee Stace

Inland Revenue will increase the use of money interest charges on underpaid tax to 9.21 percent, effective 8 May 2015. Tax Management NZ (TMNZ) is holding its rates for clients that wish to finance their 7 May 2015 provisional tax payment. Our rates start from below six percent. Financing provisional tax allows clients to defer…

read more

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…

read more

Reminder: Still time to put off paying 15 January provisional tax

Reminder: Still time to put off paying 15 January provisional tax Lee Stace

It’s not too late for your clients to defer their 15 January provisional tax payment if they are experiencing cashflow constraints at this time of the year. An Employers and Manufacturers Association poll shows that more than half the members surveyed experience financial challenges between January and March. Tax FINANCE lets clients shift upcoming provisional…

read more

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…

read more

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…

read more

A smarter way to manage cashflow

A smarter way to manage cashflow Lee Stace

A number of you will pay your first instalment of provisional tax for the 2015 income year on 28 August. However, there may be myriad reasons why it may not suit them to make this payment: • You are still getting their 2014 accounts in order. • You might want to take advantage of the…

read more

Relieve winter cashflow pressure

Relieve winter cashflow pressure Lee Stace

The winter months can wreak havoc with your cashflow. So much so, in fact, that sometimes the last thing you want to do is pay provisional tax. Some of those with a March financial year-end can probably relate to this situation, as they will pay their first instalment of provisional tax for the 2015 income…

read more
X