The penalties resulting from tax audits and voluntary disclosures can result in one very unhappy client. Keep them a bit happier by eliminating IRD audit penalties and reducing interest costs.
TMNZ has the largest pool of audit tax in New Zealand, with the oldest tax going back as far as 2009. This means that we’re in the best position to help your clients with any historic liability.
If your client has more tax owing to IRD as a result of a tax audit or voluntary disclosure (i.e an increased amount of tax above the original assessment), they can save up to 30% on interest costs by using TMNZ.
There’s a couple of important things we need to know before we get started (if you need help finding these, contact your accountant or get in touch with us directly):
The amount that’s been reassessed.
(the increased amount of tax owed as a result of the tax audit).
The date that the reassessment took place.
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