Help clients spread the cost of overdue provisional tax over time

When provisional tax is overdue, the challenge is rarely the tax itself – it’s how quickly it needs to be caught up.

Instead of forcing a lump‑sum payment or navigating rigid Inland Revenue arrangements, Tax Traders allows your clients to break overdue tax into manageable instalments that work with their business’ cash flow, not against it.

Your clients don’t need Inland Revenue approval, there are no financial disclosures and late payment penalties are removed after the obligation is fully paid.

How Tax Traders reduces the cost of overdue provisional tax

Tax Traders operates an approved tax pooling account that allows provisional tax to be paid into a shared account held at Inland Revenue, with payments date stamped at the time they are made.

Where a client has underpaid provisional tax, tax pooling allows them to purchase tax from another taxpayer who has overpaid into the pool and apply it against their own liability at Inland Revenue.

Tax Traders facilitates the transaction between the two parties at interest rates that are significantly lower than Inland Revenue's use-of-money interest on underpaid tax.

The result is that the client’s tax is treated as paid on time, restoring compliance.

The underlying tax is still paid in full – but without the late payment penalties and higher interest costs that apply while an overdue balance remains with Inland Revenue.

Choose from the following payment options

Fixed payments

Your client pays a set amount every week, fortnight or month towards your tax.

Flexible payments

Your client pays what they can, when they have funds available.

Paying provisional tax with Tax Traders in instalments is fast and easy

Step one: Set up an instalment plan

Choose how often your client wants to pay – weekly, fortnightly, monthly, or when cash flow allows.

Step two: Clients make payments as they go

Your client makes their payments to Tax Traders.

Step three: Your client's tax is settled without penalties

As payments are made, Tax Traders transfers date-stamped tax to your client's Inland Revenue account. Interest and penalties are removed once their arrangement is paid off.

Maddy Green, CA, Client Director (right)

Accounting firms work with Tax Traders because we provide:

Guaranteed acceptance for clients – no Inland Revenue approval process, no negotiation, and no uncertainty about whether an arrangement will be accepted.
Confidence that your clients are treated as having paid on time – no reliance on Inland Revenue payment plans and no exposure to late payment penalties.
Better outcomes for clients – replace Inland Revenue interest and late payment penalties with a cheaper, predictable cost structure.
Less time spent dealing with Inland Revenue – reduce the administrative burden of setting up, monitoring and renegotiating payment arrangements.
Trusted expertise and responsive service – work directly with Chartered Accountants and tax pooling specialists who understand practice realities. No call centres, no queues, just clear answers when you or your clients need them.

About Tax Traders

Tax Traders is New Zealand’s leading tax pooling provider.

We provide a better way for your clients to pay provisional tax using an Inland Revenue‑approved legislative framework that has been in place for more than two decades. This framework enables Kiwi businesses to access flexibility and benefits that aren’t available when paying Inland Revenue directly.

Since 2012, we've worked with hundreds of accounting firms – from sole practitioners to large national networks – to deliver better provisional and terminal tax outcomes for their clients.

Logan Jessop, Customer Solutions

Get your clients' overdue 28 August provisional tax sorted

Create an account to start helping clients deal with overdue provisional tax quickly.

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Have a question?

Get in touch with our team for clear, practical guidance on the best way forward for your client.