email: info@ taxnz.co.nz | phone: +64 3 548 9922  | fax: +64 3 548 1199
 
   
 
 

 

Inland Revenue Tax Audits

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.