Case Studies - IRD Tax Disputes and Audit
Below are some case studies of the type of work we do on a regular basis for clients covering IRD Audits and Disputes:
Successfully managed multiple IRD Risk Reviews and Audits of a Significant Property Developer
Background
Greater than $5 million in GST arrears and 10 years income tax returns outstanding.
Solution
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Negotiated a time payment for the arrears linked to forward settlements of property sales.
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Managed preparation and filing of income tax returns including ensuring profits could be utilised against group losses.
Result
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Successfully managed and coordinated multi IRD risk reviews and audits.
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Protected funds introduced by owners by ensuring security and priority.
Successful result achieved from an IRD Risk Review of a Significant Property Investor
Result
- Managed IRD risk review of property sales with the IRD agreeing sales were non-taxable after providing technical and factual evidence.
SUCCESSFULLY negotiated a debt settlement with the IRD that had rejected previous offers.
Background
- Asked to step in and take over from a CA who had unsuccessfully made 4 offers to the IRD for settlement.
Solution
- Negotiated with the IRD to have the first offer accepted with full disclosure of facts and information to support financial position.
Nigel Smith and Chris Ng would welcome your contact to discuss how Covisory can assist you. Please call or email and one of our team will be in touch with you.