A Deloitte Fast50 company 2016
Being named in the Deloitte Fast 50 means different things to different people. For us, it’s a nice validation that we’re doing the right thing by our clients. Whether that be our relentless commitment to client service, our lower costs, greater flexibility or simply our transparency, one thing’s for sure – our growth wouldn’t be possible without the great clients we have on board. With this in mind, we’d like to extend our sincere thanks to everyone who has supported our drive for innovation in the tax pooling industry.
WHO IS TAX TRADERS?
An Inland Revenue approved intermediary, it is led by one of New Zealand’s leading figures in tax pooling, Josh Taylor. The team is supported by an advisory board that includes former Deputy Commissioner of Inland Revenue Robin Oliver, former Deloitte partner Mike Shaw and prominent New Zealand director and past president of the New Zealand Institute of Chartered Accountants, Keith Smith.
We believe tax pooling should be available to all, because no New Zealand taxpayer should have to pay use-of-money interest or penalties to Inland Revenue. Since we started, we’ve driven the price of tax finance down by 1.5% p.a. What’s more, we’ve led the way in innovative solutions to tax management. Innovations like deposits into our trust account at Inland Revenue without the need for same-day cleared payments or time consuming follow up.
KEY BENEFITS OF TAX TRADERS
No minimum limits
We’ve removed minimum limits so that New Zealand taxpayers big and small can make deposits and benefit from tax pooling.
Buy or finance tax by instalment
For optimum flexibility we let you buy or finance tax by instalment, meaning you don’t have to miss out on the savings tax pooling offers when cash flow is tight.
Flexible payment dates
Rather than dictate rigid payment terms, we let you pay on any day of the month (and price this accordingly).
A fairer way to trade
With feeGuard, if you finance too much tax, we’ll give back the full finance fee on any tax that’s not required.
We were first to quote an interest rate on all transactions, giving taxpayers an effective metric to judge the value they’re receiving.
Automated deposit process
We accept deposits until 10pm on provisional dates without the need for same-day cleared payments, to save you time and reduce transaction risk.
Since day one we’ve provided taxpayers with more value. We were first to price finance cheaper than purchasing, reduce finance rates by 1.5%, and our buy and sell rates consistently lead the market.
Pool to pool in 24hrs
Deposits in another pool can be sold through us for a better return. And it only takes 24 hours to transfer them in.
Josh is one of New Zealand’s leading figures in tax pooling. Prior to this he was General Manager of Tax Management New Zealand, a solicitor at Bell Gully and corporate banker with BNZ. One of New Zealand’s leading authorities on tax pooling, he has also served on the Mt Roskill Community Board.
BCA / BA
Rob is a strong client advocate and ferocious supporter of the role tax pooling can play in ‘lightening the load’ for New Zealand businesses. Before joining the team he worked in business development and marketing roles across professional services, banking, sports and logistics industries, most recently at Deloitte.
Mike is a former senior tax partner at Deloitte, where he specialised in strategic tax advice and tax policy. He’s been a primary advisor to the Corporate Taxpayer Group and a member of the government’s Tax Working Group. A shareholder in Tax Traders, he is also the co-founder of specialist tax firm, OliverShaw.
Robin is a former Deputy Commissioner of Inland Revenue who has been described as ‘one of the most fearsome tax minds in the country’. His service to our nation saw him recognised as a Member of the New Zealand Order of Merit in 2009. Robin is also a shareholder in Tax Traders and co-founder of OliverShaw, a specialist tax firm.
Keith is currently a director and advisor to many key New Zealand companies including The Warehouse Group, Goodman (NZ) and Mighty River Power. Once a senior partner of BDO and president of the New Zealand Institute of Chartered Accountants, he plays an active advisory role, bringing valuable commercial insight to our growing business.
LLM, BA/LLB (Hons)
Nicki and Josh established Tax Traders in 2012 and Nicki remains involved in strategic aspects of the business. Nicki was previously a solicitor at Russell McVeagh and leader of the law and policy team at internationally acclaimed think tank, the Maxim Institute. She has experience on a number of boards covering Local Government, Not-for-Profit, Education and Corporate.
CA / BBS (Hons)
Tim is a chartered accountant with over five years’ experience in external audit across a wide variety of companies and industries. Before joining the team he worked as an audit manager for BDO in NZ and as a senior auditor for BDO both here and in London.
Your funds are independently held in trust accounts by Public Trust, the custodian.
Public Trust has sole control over the operation of these trust accounts as well as the Tax Traders tax pool. Established in 1873, it is New Zealand’s largest trustee organisation and a crown entity with an independence guaranteed under the Public Trust Act 2001. Responsible for all client funds in designated trust accounts at Inland Revenue and registered banks, the custodian also ensures client funds are dealt with, and transactions authorised and completed, as instructed by the client.
For more details contact:
David Campbell - Manager Custodial Services