tax finance

  • Jade Robertson
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Jucy Rentals Group say good bye to provisional tax stress
Jucy Rentals Group say good bye to provisional tax stress 1200 630 Jade Robertson

They say you can’t make an omelet without breaking some eggs. In this context, a company cannot grow without taking some risks or investing in their business. Jucy Rentals Group’s day-to-day operations highly depend on cash in the bank. It faces a unique challenge when it comes to paying provisional tax. They have to account…

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  • Jade Robertson
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Four reasons why accountants should consider tax pooling
Four reasons why accountants should consider tax pooling 1200 630 Jade Robertson

Meet Andy. He is a builder who has run his own business for almost three years, with the current year reflecting he will make a substantial profit. He gets paid well and is smart enough to set aside the tax he owes with every cheque. However, the clients he is working for do not always…

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Paying provisional tax: The ONE thing you must know
  • Lee Stace
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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.…

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Image: Finance source.
  • Lee Stace
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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…

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  • Lee Stace
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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…

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  • Lee Stace
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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…

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  • Lee Stace
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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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  • Lee Stace
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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…

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  • Lee Stace
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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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  • Lee Stace
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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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