Getting the right small business accounting advice is vital for the success and growth of your small business. Here are five essential tips to help organise accounting for your small business. Keep a record of tax deadlines Knowing when business taxes are due throughout the financial year is crucial for the health of your small…
read moreA negative income tax coupled with a flat tax rate for individuals and the creation of a trusted taxpayer regime. These are among the ideas judges will hear as part of the Tax Policy Scholarship Competition. A tax on biogenic methane emissions and freshwater as well as reforming the R&D tax credit regime are the…
read more Xero and TMNZ partnered up earlier this month for Xero’s Education month. Kathleen Payne, TMNZ’s Strategic Partnerships Manager, ran the webinar educating people on the benefits of tax pooling as well as a practical demonstration of applying TMNZ provisional tax arrangements within the Xero platform.
read moreThe last chance to pay 2017 income tax through TMNZ is 18 June. This is for clients with March-September balance dates who have a terminal tax date of 7 April . Due to tax pooling legislation, TMNZ can only assist up to 75 days past your terminal tax date. IRD will not accept the use of…
read morePeter and Heather Wavish, owners of Specialist Glass Cleaning and Protection Late payments from clients can affect cashflow and make it difficult to satisfy other obligations. It’s something Heather and Peter Wavish, owners of Specialist Glass Cleaning and Protection, know well. Hence they turn to Tax Management NZ (TMNZ) to mitigate the ramifications this has…
read moreThe accounting income method – AIM – will be available to businesses to calculate their provisional tax payments using approved accounting software from 1 April. The concept is simple: Those with turnover of less than $5 million will make provisional tax payments when they earn their income, based on accounting profit. Inland Revenue (IRD) has…
read moreEvery business owner at one point has felt the tension between paying provisional tax versus withholding enough money to pay employees. When profit fluctuates year-on-year, it causes cashflow issues that force business owners to make some pretty hard decisions. Matt Hanna from Adroit Builders experienced the same tension. He explains how he found a solution to the…
read moreFounding Director of Tax Management NZ Ltd; Ian Kuperus (FCA), has written the forewords to the MyLawGuide, GST and Income Tax guides.
read moreTax Management NZ has teamed up with well-known charities to help their donors claim more than $200 million in unclaimed donation rebates.
read moreTMNZ can help clients pay 7 May provisional tax on their terms while eliminating late payment penalties and reducing interest costs.
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