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

Darren
21-June-2019
"IBBZ Accounting have been outstanding with providing excellent
services throughout from the day we joined to date.
W.A INTEROR PLASTERING LTD recommends them to any company
that needs accounting services.

Thanks from use here at W.A ltd for all the hard work keep it up."
Chris
21-June-2019
"IBBZ made setting up my business easy and stress free. They are always on hand to answer questions and help me understand my taxes in a simplistic way. Would recommend!!"
Dana
20-June-2019
"Extremely knowledgeable with complex issues and great to work with."