Tax audits, disputes & rulings

The tax-risk environment has changed. Inland Revenue use real-time big data and specialist software to isolate at-risk business transactions.

Our services include:

Audits and disputes

We can assist with all stages of Inland Revenue reviews and Audits for all tax types, including:

  • Assisting with collating and presenting information to Inland Revenue requested during risk reviews, audits, and basic compliance package requests.
  • Drafting and submitting technical responses and formal dispute documents to address Inland Revenue queries and challenges.
  • Assistance with strategy and leading negotiations to obtain the best outcomes during settlement discussions, and to minimise penalties.
Voluntary disclosures

If you are concerned you have not returned the correct income, we can assist with making a voluntary disclosure to Inland Revenue.  These can usually result in no penalties being charged.

We have significant experience in obtaining favourable outcomes that will let you sleep at night.

Binding Rulings tax assured

A Binding Ruling is an agreement reached with senior and independent Inland Revenue personnel that locks-down the tax effects and efficiencies of a proposed or recent transaction. Binding Rulings offer the ultimate ‘tax peace of mind’ to:

  • Family requiring assurance on a proposed family business transaction
  • Parties to large transactions e.g. construction projects
  • Cross-border businesses using advanced pricing agreements (APA) to lock down cross-border dealings
  • Boards of public and larger family companies

Baker Tilly Staples Rodway have the experience to successfully manage your Binding Ruling application.

Key business contracts

Binding Rulings mean that your suppliers, contractors, employees and customers are tax assured when dealing with your business, for example:

  • Employee share schemes
  • Multi-party projects including, infrastructure construction, film, and primary industry
  • Customer loyalty programs

Binding Rulings lock-down the tax effect of key transactions.

Boards in total control

Tax controversy is a no go for Boards of public and larger family companies.

Boards use Binding Rulings to eliminate tax risk in large or complex transactions. This “set-and-forget” approach enables the Board to keep a keen focus on the business itself – your governance enhanced.

Multinationals doing business in NZ

Tax is in the media. Now more than ever, multinationals operating in New Zealand use Binding Rulings and Advance Pricing Agreements to guarantee tax efficiencies and avoid possible media driven tax controversy – your brand protected.

Family business - restructuring

Protecting family wealth for future generations can involve the transfer of substantial income producing assets under family structures. Key tax questions arise for Inland Revenue; dividend stripping, deemed dividends, depreciation recovery, deemed market value transfers, GST.  A Binding Ruling assures the whole family and provides intergenerational tax certainty – your legacy secure.

Services

News

27 Mar 2020

Tax Talk | Further relief package details

Now that more information is available, we hope that this issue of Tax Talk will help answer some of...

26 Mar 2020

COVID-19 tax due dates - what to pay | Tax Talk

While it may seem the world is falling apart, income tax payments continue to fall due.

26 Mar 2020

COVID-19 wage and leave package update | Tax Talk

In the last few days, the government has updated their relief package and further clarity has been provided...

26 Mar 2020

COVID-19 Frequently Asked Questions

The government has acted quickly and decisively, ensuring that New Zealanders can concentrate more on...

20 Mar 2020

COVID-19 decision making tools

We have put together this checklist to help identify areas you may need to attend to.

18 Mar 2020

Tax options in times of crisis

In the last couple of months several events have pushed some businesses to their financial limit. Drought...

18 Mar 2020

Cashflow on tap: Provisional tax relief in the wake of COVID-19 and drought

Managing cashflow becomes paramount in an uncertain environment. Right now, a few folks will be trying...

18 Mar 2020

Ask an expert GST and ADLS

A READER ASKS:“I have heard that there have been GST changes to Sale and Purchase of Land Agreements....

17 Mar 2020

Tax Talk | March 2020 | Government to the Rescue!

The government has released a $12.1 billion relief package in an attempt to mitigate the worst economic...

05 Feb 2020

Growth spurs six senior appointments at Baker Tilly Staples Rodway

Reflecting strong growth across the business in recent years, we have appointed six new directors to...

06 Dec 2019

Tax Pooling - An unexpected source of working capital

There’s a source of funding available to most businesses seeking finance that they do not know about...

21 Nov 2019

Tax Talk | Update for Overseas Owned Businesses

Inland Revenue have recently released two items that may impact on businesses who carry on cross-border...

07 Nov 2019

Tax Talk - GST On Low Value Goods

Complete your online shopping before 1 December 2019 to avoid a potential 15% price increase

18 Sep 2019

Residential rental losses now restricted

As forewarned in our previous tax publications, the government has now passed the law which will restrict...

18 Sep 2019

Tax pitfalls: Airbnb, boarders and short-stays

With tightening rules on residential tenancies, people making greater use of flatmates and boarders to...

18 Sep 2019

Non-resident directors' fees & withholding

Many New Zealand companies have non-resident directors, and the taxation of payments to these directors...

09 Aug 2019

Tax Talk Bites | August 2019

In tax talk bites, we briefly comment on items of interest to readers.

12 Jul 2019

Ask an expert

How can I fix an error in my tax return? Can I just amend it in my next tax return?

09 May 2019

Tax Freedom Day 2019

Despite the passionate debate around taxation in recent months, overall Kiwis will actually pay a day’s...

16 Apr 2019

Tax Talk Bites | April 2019

In tax talk bites, we briefly comment on items of interest to readers.Inland Revenue to be closed from...

31 Mar 2019

Coming from behind to win

A classic example of this is a client of mine – Malcolm Brown. The first time I met Malcolm the thing...

30 Mar 2019

Capital gains tax - Myth or reality?

A reader asks: “ There has been a huge amount of publicity and commentary about the Tax Working Group...

04 Mar 2019

31 March 2019 Tax Planning Checklist

With 31 March approaching, now is the ideal time to consider tax issues and, where available, planning...

21 Feb 2019

Tax working group final report - Worst kept secrets confirmed

The Tax Working Group has released its final report of recommendations to the government. Most of the...

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