Tax Management NZ

Image: COVID-19 update
  • Lee Stace

COVID-19 update: Devil in the detail with UOMI remission
COVID-19 update: Devil in the detail with UOMI remission 1344 756 Lee Stace

Someone who is struggling to pay tax on time due to COVID-19 will have to jump through financial hoops and agree to the terms of an IRD payment plan if they want to receive a remission of interest (UOMI). Given that, they might find setting up a Flexitax® arrangement with TMNZ much easier. But more…

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  • Jade Robertson

Five great accounting tips for small and medium businesses
Five great accounting tips for small and medium businesses 1200 630 Jade Robertson

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…

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Image: Tax Policy Scholarship Competition
  • Lee Stace

Tax Policy Scholarship Competition finalists
Tax Policy Scholarship Competition finalists 1200 801 Lee Stace

A 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…

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  • Denise Pimentel

TMNZ and Xero team up to educate clients
TMNZ and Xero team up to educate clients 600 338 Denise Pimentel

 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.

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  • Lee Stace

Last chance to pay 2017 income tax
Last chance to pay 2017 income tax 1920 1130 Lee Stace

The 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…

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  • Lee Stace

Late payments from clients don’t have to impact cashflow
Late payments from clients don’t have to impact cashflow 765 450 Lee Stace

Peter 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…

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AIM - the accounting income method
  • Lee Stace

What IRD isn’t saying about AIM
What IRD isn’t saying about AIM 1344 791 Lee Stace

The 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…

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  • Jade Robertson

Adroit Builders and provisional tax
Adroit Builders and provisional tax 1200 630 Jade Robertson

Every 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…

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  • Lee Stace

TMNZ helps donors claim donation rebates
TMNZ helps donors claim donation rebates 600 400 Lee Stace

Tax Management NZ has teamed up with well-known charities to help their donors claim more than $200 million in unclaimed donation rebates.

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