IBBZ Accounting

Chartered Accountants & Tax Specialist

 

Voluntary disclosure

 

Problem: Voluntary disclosure is a way that business used to reduce their shortfall penalties and in many cases avoid the risk of prosecution. Most people want to disclosure their tax voluntarily because they want a fresh start on their tax affair. Thus, a voluntary disclosure must be made carefully and precisely, as it is verified by the IRD and it can be followed by a full investigation.

If a voluntary disclosure is made before notification of a pending investigation, the penalty is reduced by 100% where the shortfall penalty is for not taking reasonable care, for taking an unacceptable tax position or for an unacceptable interpretation. For all other cases the penalty is reduced by 75%. 

Solution: IBBZ accountants will help you to understand voluntary disclosures and advice when you need to make one. We will also assist you with your voluntary disclosures and negotiate settlements with the IRD on the best terms possible. 

Google Reviews

 

Testimonials

Shane Ross
16-May-2021
Source- Google Review
I cannot recommend this company enough. Very professional and efficient. They have help me greatly over the years providing good outcomes. Pricing is really good value for money too. Look forward to doing more business with them in the future. Thanks IBBZ Accounting.
Lisa Minhinnick
20-April-2021
Source- Google Review

Hi, Thank you so much to the team at IBBZ for helping me with my tax. I had reached desperation and wasn't making any progress with my accountant, i had been summoned to the high court by IRD and the IBBZ team helped me to seek an adjournment and get the professional help i required to negotiate and settle my debt with IRD in record time! I couldn't believe it!! I am so grateful for their professionalism, accuracy and expertise !! I highly recommend IBBZ !! thank you so much now i can continue to work and have integrity as a NZ citizen!! it feels amazing.
Marcelle Lupton
20-March-2021
Source- Google Review

I found IBBZ Accounting LTD to be very very helpful, i dealt with all my tax issues very well with inland revenue.
i would not hesitate to use them again.
if you are looking for a good company to help with all your tx issues, look no further. they are great.
Marcelle

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