Tax reviews & audits are crucial tools that Inland Revenue uses to keep the coherence of the tax system. Nevertheless, no business owner looks forward to receiving a letter from the IRD alerting them of a review or an audit.
An audit is an investigation of your financial matters to check that you’ve paid the correct amount of tax and that you are complying with the relevant tax laws.
It’s human nature to panic if you have received an audit letter from the IRD, however, the foremost thing to do is to “Prepare”.
We can help you gather the relevant information as requested by the IRD, we can also go through your accounts to make sure the whole thing is in order before submitting this to the case officer.
Don’t worry if you don’t think you have enough time, we can ask for an extension of time if needed.