tax finance

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

Take the guesswork out of provisional tax

Take the guesswork out of provisional tax Lee Stace

No doubt many of you will be paying your first provisional tax instalment in a couple weeks’ time. As you know, provisional tax involves a degree of guesswork because you base your payments on what you think your income tax will be. Accurately gauging how much you need to pay on your first provisional tax…

read more

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…

read more

Managing provisional tax payments to get a competitive advantage

Managing provisional tax payments to get a competitive advantage Lee Stace

Businesses do not have to pay provisional tax when Inland Revenue says they do. There’s a way for them to defer provisional tax payments to a more convenient time without incurring late payment penalties and use of money interest. Picture this: two rival car grooming businesses based in the Auckland suburb of Penrose. Let’s say…

read more

How to delay paying the taxman

How to delay paying the taxman Lee Stace

Tax Management NZ (TMNZ) has a solution for businesses that might struggle to pay their 7 May provisional tax. It’s called Tax FINANCE. Tax FINANCE allows taxpayers to defer their provisional tax payment to a more convenient time. It provides several benefits. Tax FINANCE allows taxpayers to use the money they would otherwise pay to…

read more

Big is best, they say….

Big is best, they say…. Lloyd Evaroa

But why does Tax Management NZ’s size gives us advantages no other tax pooling intermediary can offer? Here are five reasons why: 1. Led by CEO Chris Cunniffe, who was the head of tax at BNZ and Air New Zealand before he joined TMNZ, we have an unmatched knowledge and experience of tax and tax…

read more

Simplifying tax pooling – changes to TMNZ’s website

Simplifying tax pooling – changes to TMNZ’s website Lloyd Evaroa

We’ve made changes to the website to streamline our tax pooling services and give more information about what we do. These include: 1.    Access to our calculator straight from the home page. Just click on the calculator and you are there. As before, if you’ve entered a tax year, three dates will populate. If you…

read more

Big cashflow relief for successful seasonal business

Big cashflow relief for successful seasonal business Lloyd Evaroa

Mark and Leonie Ridling have already recommended Tax FINANCE to other companies. When Mark Ridling of The Housewash Company learned there was a way to delay his provisional tax payment due date for several months to relieve his cashflow, he was initially sceptical. He hesitated to pay his tax through somebody other than IRD. But…

read more

Terminal tax – it doesn’t have to be terminal

Terminal tax – it doesn’t have to be terminal Aaron Ooi

This IRD approved, risk-free way lets you gain more breathing space for your Terminal Tax payment. By using a tax pooling facility, New Zealand law allows taxpayers to delay payment for up to 75 days after the terminal tax date.

read more