Tax Commentary

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.

Read on “IRD Interest Rort”

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.

Read on “Working for Families Tax Credits”

The following article comments on current IRD audit activity and some recommendations that may help mitigate the damage.

Read on “IRD audit activity – 50 shades of Grey”

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.

Read on “IRD proposes to expand weighting of residential property in determining tax residence”

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.

Read on “IRD charges more tax on tax paid pensions”

The article and spreadsheet below identifies an IRD practice of double taxing small business owners who have been caught under-declaring income. We agree penalties should apply, but not double tax.

Read on “IRD proposed to apply double tax in cash economy audits”