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

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Tax talk for Crypto-investors

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31 Mar 2021

Tax for returning Kiwis

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23 Mar 2021

Tax Talk | The war on landlords continues

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11 Mar 2021

Carolyn Jackson Appointed to National Board

Baker Tilly Staples Rodway is proud to congratulate Carolyn Jackson on her appointment to the network’s...

11 Mar 2021

31 March 2021 Tax Planning Checklist 

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

09 Mar 2021

Mixed-use properties and tax inconsistencies

As our urban environments change, so do the buildings and structures in which we work and live. In recent...

03 Mar 2021

Tax Talk | Wage Subsidy Updates

Over the last couple of days, the government has provided more information about both the wage subsidy...

01 Mar 2021

Tax Talk | Wage subsidy goes forth

The Government has released updated information since this article was published. Please refer to our...

15 Feb 2021

Tax Talk | Key upcoming tax items

With 2021 getting off to a roaring start, there are a number of tax issues which you may need to consider....

05 Dec 2020

Tax Talk | Inland Revenue crackdown on property speculators

In the last couple of weeks, Inland Revenue have sent out letters to taxpayers who may have sold properties...

13 Nov 2020

Government expands small loan scheme

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09 Sep 2020

Tax Talk | US IRS stimulus payments

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09 Sep 2020

Tax Talk | COVID-19 GST Determination – Short-term holiday accommodation relief

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25 Aug 2020

Tax Talk | Pragmatism wins out

Inland Revenue’s guidance on non-resident employers

19 Aug 2020

Tax Loss Carry Back

The Aussies have been doing it for years

18 Aug 2020

Tax Talk | Wage subsidy... take three

The government has announced a third iteration of the wage subsidy in light of the Level 3 restrictions...

27 Jul 2020

The Government Business Finance Guarantee Scheme - at the coalface

The Business Finance Guarantee Scheme was effective from 1 April, introduced in response to the COVID-19...

15 Jul 2020

Tax Talk | COVID-19 Further Measures and Property Tax Announcements

The last few weeks has seen a further flurry of activity with the extension of the small business cashflow...

16 Jun 2020

Tax Talk | A host of new tax measures – both COVID-19 and ‘normal’

New tax payment deferrals, extra time to write-off bad debts, feasibility cost deductions, further tax...

14 May 2020

Budget 2020 - cashing in the chips

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05 May 2020

Tax Talk | Loss carry back rules, small business loans and other relief

Last Thursday the government passed legislation to enable taxpayers to carry back losses to the immediately...

15 Apr 2020

Tax Talk | More tax changes to support business

The government has announced an additional package to support businesses dealing with the economic effects...

06 Apr 2020

COVID-19 Government announces essential workers leave scheme

On 2 April, the government announced an essential workers leave scheme. Broadly, this scheme expands...

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...

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