Understanding Tax Pooling

Money is often wasted when people aren’t aware or simply choose to ignore the various options currently available to them in the market place.

Stu Ruddell, Crowe Horwarth Business Advisor says "there are many great alternatives to the more common range of products that people typically use." 

The main reason why people tend not to try new products is because they either don’t know about them or don’t understand them fully so they stick with the status quo.

Tax Management New Zealand For those of you who don’t know about tax pooling, this is a great option that is worth considering. Tax Management New Zealand (TMNZ) is a premier example of this service.

There is a new tax system coming into place but this does not cover every tax payer in the market. Until it comes into effect, there is still a large cost involved for those who cannot afford to pay tax on the provisional tax due dates.

This cost is largely due to the Inland Revenue enforcing interest and penalties onto late payers. TMNZ allows you to purchase tax at an earlier date.

While there is an interest cost for this service, you can save up to 30% in comparison to the fees incurred through the IRD. The reason why TMNZ can offer this option at a much cheaper rate is because the IRD’s penalties and costs are eliminated. And it’s not only the rich and famous that can apply for this service.

We see companies of all sizes save significant amounts of money, by paying their tax through TMNZ.

Consider your alternatives today and start thinking outside the usual options of using the bank or the IRD as a lender.