Facing uncertainty over profitability or cashflow difficulties? Here are some tips to manage 28 October provisional tax in an uncertain environment. The post Reducing risk: 28 October provisional tax appeared first on TMNZ ..read more

Did you know that your provisional tax payments are also a source of finance? An IR-approved tax pooling provider such as TMNZ offers a payment option known as Tax Finance. The post Tax Finance: An alternative funding source appeared first on TMNZ ..read more

As New Zealand’s first ever tax pool, we’re proud of our long history of innovation. It’s at the heart of everything we do, and we’re always looking for new ways to simplify tax. Technology has been at the forefront of our efforts, whether it’s rolling out new features for our customers, adding new functionality online, or partnering with forward-thinking digital platforms. Recently, we’ve rolled out some amazing tools to help our customers and their accountants easily manage income tax. Discover our top tech solutions to help you take the pain out of tax time, including tools to cut down on a ..read more

If you own a business, you’re probably familiar with paying provisional tax. Which means you’re also familiar with its inflexibility, and the penalties and interest that accumulate if you miss a provisional tax due date. The problem with this model is how it affects your cashflow. You need money to pay staff, cover operational expenses, and invest in growth initiatives, yet it’s tied up in saving for tax time. Or worse yet, in shelling out for Inland Revenue (IR) interest and penalties on late payments. No matter which camp you’re in, there is relief and it’s called tax pooling. If you own a b ..read more

TMNZ is thrilled to announce the appointment of Matt Edwards as CEO, effective 1 May 2024. Matt joins TMNZ following 16 years of strategic leadership and entrepreneurial experience, working in the FinTech sector in the United Kingdom and across Europe. Matt Edwards, TMNZ Chief Executive The appointment signals the next chapter in TMNZ’s journey, as the purpose-led tax pooling originators and market leaders look to help more New Zealand businesses, in exciting new ways. Board Director and TMNZ Founder Ian Kuperus says: “We’re delighted to welcome Matt to TMNZ. Matt is extremely well regarded o ..read more

“In the face of mounting environmental and climate crises, education has a key role to play in developing and sharing solutions that learn from and work with nature. Universities must adapt and innovate to respond to these challenges, to create new learning experiences and new ways to make research relevant for local communities. The AUT Living Labs grew out of a desire to radically rethink the roles and responsibilities of research and learning.”  Dr David Hall, Principal Investigator, AUT Living Labs Planting a seed is but one step in growing a tree. Beyond sunlight and soil, a sapl ..read more

Every now and then, businesses can encounter cash flow struggles, whether you have overdue invoices or an unexpected bill to pay. When this happens, it’s typical to ask your bank for help. But did you know there’s an easier, cheaper way? As a TMNZ customer, you can access funds you have paid into our tax pool at any time. You can draw out your deposits as an affordable line of credit without the headache of a loan application, conversation with a bank, or Inland Revenue (IRD) paperwork and still keep your original tax deposit date. How it works Imagine your business is suddenly hit with a big ..read more

After 12 years successfully leading and growing Tax Management New Zealand (TMNZ), Chris Cunniffe has announced he will be retiring from his position and leaving the business in July 2024.  While Chris will step down as CEO on 31 January, he will continue to support TMNZ in an advisory capacity, ensuring a smooth transition to TMNZ’s next Chief Executive.  Board Director and TMNZ Founder Ian Kuperus personally recognised Chris for his outstanding service: “Chris has made a significant contribution to TMNZ, growing our purpose-led tax pooling business from seven people in 2011 to ove ..read more

TMNZ and CA ANZ have worked together to bring you the results of the 2023 Satisfaction Survey. Tax practitioners say it takes longer to get a response from Inland Revenue Department (IRD), but they find that tax officials are helpful and demonstrate a good understanding of client issues, according to the 2023 Inland Revenue Satisfaction Survey. The annual survey is conducted jointly by CA ANZ and Tax Management New Zealand (TMNZ) to provide insight into what tax practitioners think of the way in which IRD administers the tax system. Click through to read the full results on Acuity Magazine her ..read more

Everyone loves the middle of summer and spending time with family and friends over Christmas, but it can be a challenging time of year for many small and medium-sized Kiwi businesses. According to a poll conducted by the Employers and Manufacturers’ Association, more than half of businesses experience cashflow constraints between January and March. It’s hardly surprising. The period after Christmas is traditionally slow for many companies, with people away enjoying their holidays. Consumers also tend to reduce spending after the expensive Christmas and New Year period. Businesses can come und ..read more