Tax audits and investigations form part of Inland Revenue’s armoury to help ensure
that voluntary compliance standards remain high however being subject to tax audit/investigation
is a time consuming and demanding task that can impinge on the time and energy available
to devote to the business activities of the taxpayer.
Tax audits and investigations start innocuously enough but can end in financial disaster and worse. Facing an audit or investigation by IRD is very stressful and costs you a lot of time. It is not recommended that those facing an IRD investigation do it alone.
Working constructively with the taxpayer and IRD often results in a negotiated settlement, however knowing what to pitch for and when only comes with experience.
Norrie & Daughters can help you through the tax audit/investigation process thereby allowing you to devote your time to running your business.