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FAQs | Tax Management New Zealand Our services Paying provisional tax Maximise tax deposits Tax pooling Tax reassessment inspect Partners Premium TMNZ Accounting Partners Industry Partnerships Integrated Software Resources Provisional Tax Guide Provisional tax glossary News and tips for taxpayers on our blog TMNZ Roadshow FAQs Terms and conditionsWell-nighTMNZ Contact SIGN IN SIGN UP Just click on + or x to view the content for each section Introduction to TMNZ Is the service TMNZ provides legal? Yes, we are a registered tax pooling intermediary with IRD and operate under legislation set out in the Income Tax Act 2007 and Tax Administration Act 1994. Are my payments secure? Yes, all payments made to us are made into wall finance administered by an self-sustaining trustee, Guardian Trust. With increasingly than 125 years’ wits in New Zealand, Guardian Trust oversees our tax pool worth at IRD in which payments are held. They authorise all payments and tax refunds, as well as transfers to taxpayer accounts. At no stage do we have any contact with, or wangle to, your payments. What tax payments can TMNZ squire with? We can help manage provisional or terminal tax payments for the current tax year or one just completed. We can moreover help with other types of tax such as GST and PAYE if you have received a notice of reassessment from IRD due to a voluntary disclosure or IRD audit. How much increasingly time do I receive if I pay tax through TMNZ? We requite you an uneaten 75 days past your terminal tax stage to pay provisional or terminal tax payments for the current year or one just completed. If you have received a notice of reassessment from IRD, you have an uneaten 60 days from the stage this correspondence was issued to pay the spare tax you owe. This seems too good to be true. Why does IRD indulge the use of tax pooling? IRD is mainly concerned with receiving the correct value of tax from taxpayers. It supports the payment options we offer considering they indulge taxpayers to reduce their compliance financing while ensuring they pay the tax they owe throughout the year in a timely manner. Are there any fees to pay tax with TMNZ? No, there is no tuition to register with us or receive our specialist tax pooling advice. How do I sign up with TMNZ? Signing up with us is fast and easy. Simply click on the link here and follow the instructions. Once you have confirmed your registration with TMNZ, you then add the taxpayer(s) whose tax wires you manage. Paying through TMNZ What is Flexitax®? Flexitax® is a way to purchase tax that allows you to manage cashflow so you can make income tax payments how and when it suits you, while saving up to 30 percent on IRD interest and eliminating late payment penalties. This can be used for missed, underpaid or upcoming provisional tax payments for the current tax year or one just completed. Flexitax® lets you pay what you want, when you want. You can pay provisional tax in one lump sum or spread out payments over time (up to 75 days without your terminal tax date). What is Tax Finance? Tax Finance lets you put in place an wattle to defer payment of an upcoming provisional tax payment to a time in the future that suits you, without having to worry well-nigh IRD late payment penalties. It is flipside way to manage cashflow, and a low-cost way to self-ruling up working capital. What is Tax Audit? TaxInspectcan be used if it is discovered you owe increasingly provisional tax, terminal tax, PAYE, RWT, NRWT, FBT and GST than you initially paid to IRD. There are some conditions, though: The tax return must have been filed and only the difference between the assessed and reassessed value of tax owed can be paid through us. Please note that you only have 60 days from the stage the IRD notice of reassessment was issued to use Tax Audit. How does Flexitax®, Tax Finance and TaxInspectreduce my interest financing and eliminate late payment penalties? We pay tax into our tax pool worth at IRD on each provisional tax stage and these payments are date-stamped. Upon receiving your payment, TMNZ arranges the value of tax at the provisional tax stage you require to be transferred from its tax pool worth to your IRD account. IRD treats each payment as if it was paid on the original stage it was due, removing any interest and late payment penalties incurred. Depositing into the TMNZ tax pool Who should consider depositing provisional tax payments into the TMNZ tax pool? Anyone who pays substantial amounts of tax and experiences huge fluctuations in their income due to volatility will find this to be a valuable wing to their risk management strategy. What are the advantages of depositing into the TMNZ tax pool? Making your provisional tax payments into the TMNZ tax pool gives you wangle to our full suite of products to manage your tax affairs. This includes: The worthiness to earn increasingly interest on overpaid tax by selling it to flipside taxpayer; Being worldly-wise to swap surplus tax at one provisional tax stage to flipside to plane out your payment profile; Using funds held in the pool as collateral to yank lanugo short-term funds at lulu rates; Faster refunds (three to five working days), and without having to file a return;Wangleto expert tax pooling translating to help optimise your payments. How does depositing into the TMNZ tax pool work? Rather than paying tax directly to IRD on your provisional tax dates, you make these payments into a wall worth administered by Guardian Trust. Your deposits are stage stamped and held in the TMNZ tax pool worth at IRD. Guardian Trust records in its tax pool registry that these deposits vest to you.Withoutfinalising your return, you unify to transfer what you need from the TMNZ tax pool to your IRD worth to settle your income tax liability. Will TMNZ notify me when I am due to make a petrifaction into the TMNZ tax pool? Yes, we will send you reminders notifying you that your next instalment of provisional tax is due and the stage by which you need to make payment. Payment instructions will moreover be included in these reminders. Can I wangle any payments held in the TMNZ tax pool if required? Absolutely. Any deposits made into the TMNZ tax pool can be refunded, transferred to your IRD account, sold or used as collateral to yank lanugo short-term funds. Am I worldly-wise to view my deposits held in the TMNZ tax pool? Yes, your tax pool balances can be viewed by accessing your TMNZ worth online. Can’t find what you are looking for? Search our unshortened site unelevated TMNZ Provisional Tax Guide What every merchantry needs to know when talking well-nigh provisional tax with their accountant. Download FREE.   Our charitable programmes Smart Donation Tax Policy Scholarship Follow us Tax Management NZ Level 4, HSBC House 1 Queen Street 0800 829 888 support@tmnz.co.nz h97m54k2.versionpress.com © 2018 Tax Management NZ Our services Paying provisional tax Maximise tax deposits Tax pooling Tax reassessment inspect Partners Premium TMNZ Accounting Partners Industry Partnerships Integrated Software Resources Provisional Tax Guide Provisional tax glossary News and tips for taxpayers on our blog TMNZ Roadshow FAQs Terms and conditionsWell-nighTMNZ Contact SIGN IN SIGN UP Enter yourtext here Login to Tax Management New Zealand Login Lost Password? Reset Password Enter the username or e-mail you used in your profile. A password reset link will be sent to you by email. Get new password Already have an account? Login X