Introducing Taxi

Taxi is our new venture giving Kiwi businesses easy access to working capital at about half the rate of a big bank overdraft. 

Taxi uses the tax pooling framework to unlock a new source of working capital for businesses. Instead of your clients’ provisional tax payments sitting idle in their myIR account, these payments can be used as security to provide access to affordable funding. 

This kind of funding has been utilised by New Zealand’s largest companies for over ten years and Taxi makes it available to all Kiwi businesses that pay provisional tax. 

Taxi provides significant benefits for your clients

Without working capital some businesses can struggle to grow and thrive. Taxi allows businesses to use their provisional tax payments as security to access affordable, dignified business funding.

With Taxi, your clients can:

• Halve their overdraft costs.
• Access new funds for growth (no further application to the bank required.)
• Manage seasonable trading – on average a New Zealand business 
  is cash flow negative for 4 months of the year.
• Have peace of mind with a standby facility.
• Secure a new source of funding that can sit alongside their banking facility, without 
  affecting their existing credit limit.

Want to know more?

• Taxi Guide for Accountants
• Taxi Partner Programme
• How to talk to your clients about Taxi