ADVICE

Rising Costs and Your Tax Position: What Households and Businesses Should Consider The latest Statistics New Zealand data shows what many households and business owners are already experiencing: costs are rising faster than wages. Annual inflation has lifted to 2.7%, with core inflation … [Read more...] about Rising Costs and Your Tax Position: What Households and Businesses Should Consider

The Inland Revenue Department (IR) is receiving a major funding increase in Budget 2025—and it’s not just for show. This extra investment is squarely aimed at increasing tax compliance and stepping up debt collection efforts across a range of areas. Commissioner Peter Mersi has made it clear: the … [Read more...] about Inland Revenue’s 2025 Funding Boost: What It Means for Taxpayers and Compliance

Mistakes in tax returns happen—whether it's overstating claims, hiding income, or simple errors. What starts small can quickly grow into a bigger issue. Fortunately, the Inland Revenue Department (IRD) allows voluntary disclosures, helping reduce penalties and often avoiding prosecution. The key is … [Read more...] about Voluntary Tax Disclosures: Act Now to Reduce Penalties

IRD Steps Up Debt Collection – What It Means for You If you’ve ever felt overwhelmed by tax obligations, you’re not alone—and you might want to pay attention to what Inland Revenue (IRD) is up to. With an extra $29 million in funding from the latest Budget, IRD is aggressively ramping up efforts … [Read more...] about IRD tax crackdown

With more Kiwis putting money into crypto assets than ever before – and some making big returns – it's time to talk tax. After all, among the implications for your wins is interest from IRD. While most crypto investments are of the 'currency' type, the IRD's net includes any crypto assets, … [Read more...] about Crypto and me: Changes, impacts and how to stay compliant.

As 2022 ramps up, we thought it would be good to look back on some of our cases and the Kiwis we helped to stay in business in these uncertain times. In 2021 we managed 73 tax debt negotiations with IRD and over 120 other tax cases, including;  audits, voluntary disclosures, tax prosecution … [Read more...] about A thank you to our clients – Our stories