Filing your late tax returns
Problem: Not declaring income and not filing tax returns are criminal offenses. Late returns also incurs penalties and the longer the return is left unfiled, the higher the penalty. As not filing returns is a criminal offence, the IRD does prosecute people who don’t comply with the tax laws. The current tax regime is very harsh on people who do not want to comply with tax laws.
Solution: IBBZ accounting will help you to file your tax returns on time to avoid further penalties. The main reason that people do not file their tax returns is because they do not have a sufficient bookkeeping method in place. Without a sufficient bookkeeping system, it is hard for people to keep a proper record of transactions. This is how we can help you. We will update your information technology and provide you with an effective and efficient bookkeeping system. With a good system in place, it is easier for your business to file your tax returns on time.