Tax Management New Zealand Launches Pay My Tax to Give New Zealand Businesses Control over Their Provisional Tax

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One of the biggest problems SMEs face is managing cashflow while paying provisional tax on time. But there is a brilliant solution.

Pay My Tax Service
Many businesses need to keep cash to pay for the essential things that keep their business running. So, they can use the Pay My Tax system to avoid costly borrowing or late payment penalties.

http://www.paymytax.co.nz is the brainchild of Tax Management New Zealand (TMNZ), an IRD-approved tax pooling intermediary that has helped many New Zealand businesses manage their tax payments since 1993.

The man behind both Tax Management New Zealand and Pay My Tax is Ian Kuperus, who has been dubbed "The Robin Hood of tax solutions." Ian Kuperus, a 2013 finalist in the Ernst and Young Entrepreneur of The Year, has collectively helped more than 22,000 New Zealand businesses save around $100million.

Pay My Tax gives taxpayers flexibility to choose the dates they can pay their provisional tax payments to best suit their business. TMNZ believes every business should have the right to pay their tax bills at a time suitable to them, rather than being forced to adhere to the set IRD due dates or be faced with IRD interest and penalties.

Many businesses need to keep cash to pay for the essential things that keep their business running, so they can use the Pay My Tax system to avoid costly borrowing or late payment penalties.

Pay My Tax has made things easy for New Zealand businesses. People can access the service through their website or via the pay my tax smartphone app (https://play.google.com/store/apps/details?id=nz.co.netactive.tmnz). And with no credit checks or approval process, the application is simple.

The Pay My Tax service is available to a wide range of businesses, big and small. Kevin Soper, Company Secretary of Fulton Hogan says: "Fulton Hogan's quite a seasonal company. Our income and profit streams are not that easy to predict. At times the service has been able to save us at least six figures on our interest bill, so it's really worthwhile."

If you are struggling with provisional tax payments or suffering from the high cost of borrowing to pay for your provisional tax, the Pay My Tax service could be just what you are looking for. To find out more about Pay My Tax, visit the website http://www.paymytax.co.nz/about-us/ .

To work out how much tax you could save visit their homepage at http://www.paymytax.co.nz and use the online calculator or download the mobile app. If you would rather speak with someone to discuss your requirements, call on 0800 829 888.

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Vicki Holder
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