Should you pay your tax — yes you should. Should you finance it? Maybe you should seriously consider it.
If you haven't heard about or used tax finance it needs to be on your list of options when it comes to paying your provisional tax.
We know what cashflow can be like over the Christmas break and if you don't — because it's your first — you'll find out.
With holiday pay, the Christmas party, bonuses and gifts to pay for, as well as a short productivity month, it can mean the bank account might be slim to come back to in the new year.
Not only that but for the next four months, if you're a March balance date, you'll be hammered with tax payments. There's January 15 for GST and provisional tax, then terminal in February or (April if you have an accountant) it could be a chunk of your working capital.