This article briefly sets out the benefits of voluntary disclosures but highlights some significant negative aspects of the way that IRD sometimes administers them.
Owens Tax Advisors regularly present and provide public comment on topical tax matters.
Our principal, Jeff Owens is also an accomplished and popular public speaker on tax matters. If you would like to arrange for Jeff to comment on or prepare and present a lively discussion on topical tax matters, please contact us.
This article explains how IRD charges unsuspecting taxpayers with interest rates that exceed all but lenders of last resort, and calls for a change in approach.
This article discusses the impact of rental losses on working for families tax credits claims, and how certain advisors and also IRD have impacted on some unfortunate taxpayers.
Over the last six months or so, I’ve spent a considerable amount of time trying to assist a couple (now separated) who have become caught up in a structure that has implications for Working for Families Tax Credits.
The following article comments on current IRD audit activity and some recommendations that may help mitigate the damage.
Two years after we alerted IRD to problems with its IR886 form and processes for determining tax residence, IRD is still using the form and telling taxpayers they ‘MUST’ complete it. We strongly recommend obtaining independent professional advice instead.
IRD is seeking to impose NZ tax on overseas sourced pensions, leaving the taxpayer to recover from the overseas tax authority and incur compliance costs and risk of double tax, penalties and interest.