Posted on 16 May 2025
At Monteck Carter, we’re always looking for smart, practical ways to help our clients manage cash flow more effectively, especially in today’s uncertain economic environment.
One tool we recommend considering is Taxi (www.gotaxi.co.nz).
Taxi is an innovation in business financing that creates a new source of capital at lower costs than bank lending, using the provisional tax framework. In simple terms, it allows you to use your provisional tax payments as a source of security giving you fast, flexible, and affordable access to working capital when you need it most.
This idea is not new. Large corporations have been accessing funding against their provisional tax obligations for years. What Taxi has done is open up the same advantages to small and medium-sized businesses, making it simple, accessible, and designed specifically for the needs of growing New Zealand businesses.
Here’s how Taxi works:
Key features include:
Managing cash flow is a challenge even for healthy businesses. New Zealand data shows that SMEs experience negative cash flow around four months each year¹. Rather than stretching yourself thin or missing opportunities, using tools like Taxi can allow you to run your business more strategically.
Taxi can be a smart solution if you:
If you think Taxi could be helpful for your business, we are happy to talk it through with you or assist you with the process.
As always, our goal is to support you with tools, advice, and options that make your business stronger, and Taxi is one more way to give you the flexibility and confidence to keep moving forward.
Feel free to get in touch if you’d like to explore whether this could be a good fit for your business.
¹ Xero Small Business Insights, 2022
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