SureTax

Are you ready for tougher tax audits?

Inland Revenue has become more strategic in its approach to audits in recent times and carries out a significant number of detailed data interrogations each year. Your organisation is now more likely to be subject to detailed review and interrogation.

How does this affect your business?

If you are not prepared for an audit, you are at far greater risk of incurring penalties. You could be missing out on significant savings in tax or could be failing to pay the correct amount of tax.

When we help our clients to prepare for audits, we commonly find issues that are easily resolved.

By being proactive and preparing in advance for an Inland Revenue review, you could protect your business from the negative effects of an audit and also identify ways to improve efficiency.

How can we help you?

Our team of tax and data management experts can ensure that your systems, policies and business processes are designed and operated as intended. We can also assist with training your staff and ensuring you maximise all opportunities for savings.

Our team has proven expertise in assisting with the treatment of GST, FBT, PAYE, Fixed Asset Registers, NRCT, NRWT and WHT transactions.

How SureTax helped one of our clients save tax

We found potential savings of more than $300,000 in overpaid GST during a review for one of our clients. The review scrutinised 250,000 accounts receivable transactions in a six-month period. GST was accounted for more than once on more than 4,200 transactions. Significant GST had been accounted for in relation to intra-group transactions, when it did not need to have been.