Be the accountant clients brag about this summer
This summer, position yourself as proactive and prepared.
Help your clients get ahead of the 15 January provisional tax date and ease holiday cash flow pressures before the Christmas madness with flexible payment options.
You’ll sleep easy – and your clients will, too.
Smart ways to ease summer cash flow pressure
Provisional tax doesn’t need to be a pain point on 15 January.
Tax Traders gives your clients the flexibility to align tax payments with their unique cash flow needs during the Christmas-New Year break.
Check out our options below.
Option one: Delay provisional tax payments and preserve working capital
Help your clients defer their 15 January provisional tax payment for up to 17 months – without facing Inland Revenue interest and penalties. It’s a cost-effective way for your clients to keep cash in their business during the notoriously challenging Christmas-early New Year period.
Option two: Set up a provisional tax instalment arrangement
Support your clients’ financial wellbeing this summer with an instalment arrangement for 15 January provisional tax. Flexible options – weekly, fortnightly, monthly, or pay-as-you-go – can ease cash flow pressure, reduce interest costs and eliminate late payment penalties.
The smarter choice
Compared to paying Inland Revenue directly or relying on a business overdraft, we offer your clients a more cost-effective and flexible way to manage provisional tax, while keeping their business’ cash flow in check.
Here’s how our options stack up and make financial sense for your clients.
| Tax Traders | IR direct payment | Bank overdraft | |
| IR compliant | Yes | Yes | Not designed for tax |
| Cash flow flexibility | Yes | No | No |
| Approval process | None | N/A | Yes – lengthy and slow |
| Security needed | No | N/A | Yes |
| Interest cost | Low | UOMI of 9.89%, plus late payment penalties | High – typically double-digit interest |