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

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

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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...

13 Feb 2019

Research and Development Tax Incentive Scheme

The Government has announced details of the new R&D tax incentive scheme that will be available from...

07 Dec 2018

Tax Talk | December 2018

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11 Nov 2018

Tax Talk | November 2018

Welcome to Staples Rodway Tax Talk
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11 Jul 2018

Using tax pooling to your advantage – pay tax when you want to

Tax pooling is a great tool that provides taxpayers with greater flexibility around provisional and terminal...

28 Jun 2018

International Disclosure of Financial Information

You may have heard recent news of various international regimes requiring the disclosure of financial...

27 Jun 2018

Business Leaders pessimistic about the budget

A balanced Budget, mandatory Kiwisaver contributions, and an overhaul of the tax system are the key items...

27 Jun 2018

Property Investors at a Loss - Ring Fencing Proposed by IRD

It’s now official. The government is actively moving against property speculators and investors.

26 Jun 2018

Tax Freedom Day

Tax Freedom Day marks the hypothetical day that New Zealanders stop working to pay the nation’s tax...

17 May 2018

Tax Talk | Budget 2018

Don’t Scare The Horses!!
Budget 2018 has seen the government keep its promise of no new taxes, but...

10 May 2018

Tax Talk | May 2018

Welcome to Staples Rodway Tax TalkIn this edition we discuss:The Resurrection Of The R&D Tax CreditResidential...

07 May 2018

Tax Freedom Day two days later than last year

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09 Apr 2018

Tax Talk | April 2018

Welcome to Staples Rodway Tax Talk
In this edition we discuss:
Overseas buyer restrictions on their way
Trusts...

20 Mar 2018

Ask an Expert - Capital Gains on Property

In our regular feature we answer readers’ questions on any area in the world of finance, accounting,...

19 Feb 2018

Bright-line test to be extended to five years

The Government introduced a Supplementary Order Paper to a Bill already in Parliament for the extension...

23 Jan 2018

Tax Talk | January 2018

Welcome to Baker Tilly Staples Rodway Tax TalkIn this edition we discuss:GST changes for exporters to...

08 Nov 2017

Tax Talk | November 2017

Welcome to Baker Tilly Staples Rodway Tax Talk
In this edition we discuss:
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