The Business Wallet is available to Afirmo ‘Scale Up’ customers and allows users to instantly create an account to get paid into and to pay their taxes from. The accounts are integrated into the software to make saving for tax seamless and worry-free.
“It is a dream come true for us at Afirmo to be offering this banking wallet to New Zealand businesses. We are proud to make business banking part of our integrated offering”,
says Afirmo CEO and Founder Robert Rolls.
“When money is transferred into the Afirmo Business Wallet, Afirmo makes the transfer immediately, meaning great business cashflow for our users, and also good for our users, there are no routine bank fees”, Rolls says.
Two accounts are included in the Business Wallet – an everyday business account, and a tax savings account. Funds can be transferred to the everyday account by Afirmo customers’ customers, and Afirmo customers can set transfer rules to sweep funds into their wallet’s tax account automatically, so they pay Inland Revenue when these are due.
Business expenses are stored separately from personal expenses, and income, meaning the business owner gets all the benefits of money management in check.
“We are also seeing great take up from Afirmo customers who bank outside of BNZ, but want to store their tax savings away from their main bank log-on, to ensure they do not spend their tax savings buffer!”
Rolls says “The Afirmo Business Wallet is a game changer for tax management – tax obligations are sorted using the Tax Savings Account to save for tax liabilities – money is set aside to cover upcoming tax bills”.
The Wallet is part of the financial service software Afirmo offers New Zealand, small business owners, to set up and scale up their businesses.
About Afirmo
Afirmo is a registered IRD agent, registered financial services provider, and a registered MBIE partner. Afirmo offers business set up software to help people create a small business, (sole trader, partnership, or company) in minutes. Afirmo’s Business Set Up process is easy to follow and includes business and tax registrations, insurance and online marketing tools, and a complete set up checklist.
Afirmo also offers Small Business Scale Up software services allowing customers to manage their money and tax. Afirmo’s tax software calculates GST and income tax liabilities using customers’ sales invoices, expense claims, and bank transaction data. All of the latter are part of the wider Afirmo small business support offering.
The combination of Afirmo’s Business Set Up and Scale Up software represents a one-stop-small business solution.
