Individuals Required to File Tax Returns
If you receive any other type of income aside from salary, wages, interest or dividends, you must file an IR3 return.
Other types of income include:
• Self employment
• Withholding Payments
• Income received by IR56 taxpayers, such as private domestic workers
• Income derived overseas
• Over $200 in interest or dividends derived overseas that has tax deducted.
• Overseas interest or dividends that has no tax deducted.
• Rental income
• Estate, Trust or partnership income
• Royalties
• Cash jobs or payments ‘under the table’
• Income from illegal enterprises
• Losses to claim or carry forward
• Income without PAYE deducted, such as shareholder-employee salary or a claim received under a taxable loss of earnings policy.
You will also need to file an IR3 if you:
• Left or arrived in New Zealand part-way through the year.
• Are filing a return for a deceased person to the date of death
• Were declared bankrupt part-way through the year
• Changed your balance date part-way through the year.
Income Tax Return Filing
The responsibility for accurate records and returns can be an onerous burden in which seemingly minor errors might result in problems and expenses out of all proportion.
The IRD’s modern computer and telephone systems can leave taxpayers frustrated trying to check whether rebates have been allowed correctly, or in recovering penalties caused through late payment of taxes or computer errors.
With us you may rest in confidence that your return is accurately prepared and will pass IRD examination. Your IRD tax assessments will be checked and discrepancies followed up to ensure tax is levied correctly.
Even though many personal taxpayers no longer are required to file a tax return, taxpayers with irregular or part year income often are entitled to refunds.
IRD Negotiations & Debt Arrangements
With 24 years experience in dealing with the Inland Revenue, we can assist you with making arrangements and clearing tax debt. Clients benefit from our knowledge of the tax system and legislation governing it, as well as experience in dealing with Inland Revenue staff and systems. We also help with Child Support Debt, ensuring you are receiving your full entitlement to Working for Families and student loan arrangements.
Financial Budgeting
Budgeting for future events or planning to establish a farm or business is best begun early. Individuals benefit from planning their asset purchases and mortgages.
Investment monitoring to ensure every dollar works for you, your investment is secure and earnings are in line with the current market are functions offered for your protection.
Financial pressure can often be relieved through a debt restructure or creditor arrangement. We can assist you in dealing with finance companies and completing application forms. Consequent interest savings will increase your wealth.
Loan Applications
Our experience with banks and other lending institutions can save you interest. We can advise the most cost effective source and level of borrowing you qualify for within asset and income constraints. This service no only provides clients with a professional and informed approach to financiers but protects them from unscrupulous lenders eager to cash up securities.
Typing & Photocopying
When you need that business letter written or copies to associates – we are here to help.
Fax, email, book binding, and laminating services also provided.
0800 TAX ACCOUNTANT
