At some point during
your time in business here you should expect a visit and audit from the
New Zealand Inland Revenue department. We are the experts at dealing
with the Inland Revenue. We can make this process as painless as
possible taking care of your audit and dealings with the Inland Revenue
– leaving you to concentrate on running your business.
If you have already
fallen behind with your tax returns or even your payments talk to us
immediately. We can talk to the Inland Revenue on your behalf, in most
cases we negotiate a reduction or waiver of any penalties that may be
due. We should also be able to negotiate a time extension.
There are several problems that the
business owner or individual faces when under investigation by the
Inland Revenue department. Firstly, the harsh penalties regime in place
by the Inland Revenue. There are extra penalties and interest that you
may have to pay if you have been accounting for tax incorrectly. It is
useful to have an agent like us who can negotiate on your behalf
and assist in reducing or waiving any tax or penalties you face.
Another problem is the cost of employing an Accountant or
Taxation consultant to negotiate on your behalf with the Inland
Revenue. Some Accountants or Tax Consultants may wish to simply put up
a fight with the Inland revenue and actually cost you more in the long
term. For example if the Inland Revenue want you to pay $1000 in what
they believe is unpaid tax you should not allow an accountant to charge
you $5000 to fight this request for $1000.
Our aim is to minimize what you pay and
discuss all possible options with you.