TaxRefunds.co.nz making dodgy claims

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Forums › Finance and wealth management › TaxRefunds.co.nz making dodgy claims

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Phaedrus

74 posts

Master Geek

#354049 20-Jul-2010 17:12

IlDuce: Since someone has quoted me after I deleted what I said

Oops, not intentional sorry

, started my post quoting you and was sidetracked part way through so it took longer to write than normal, guess you must have deleted it during that.

Anyway I guess you've got it partially sorted from what you say. It'd be interesting to know what the cost-benefit of having the agent complete it vs calling the IRD & taking the consequences (if any) are. I've never used an agent so no idea what they charge but it could be a useful analysis - depending upon the sums involved!

FWIW I've been in business for many years and find tax matters to be a PITA. But it makes me even more

to have to pay someone to pay the IRD for me...

P.

bazzer

3438 posts

Uber Geek
+1 received by user: 267

Trusted

#354054 20-Jul-2010 17:18

IlDuce: Since someone has quoted me after I deleted what I said, here is my situation...

I went to tax accountant last year for first time to get my return done. Just a one off to see how accurate my own calculations were.

I found out after that my many long hours of work producing documents, compiling receipts, etc for tax accountant for 08-09 was in vain as soon as I walked out the door they "binned" them and did per km rates, something I could have done myself if I had known they were going to be so lazy!

Because of this I decided this year to just do per km rates as well, to simplify the matter even though I might end up paying a lot more tax, but I would save paying the accountant to get fat on me.

However this year, I did not get the correspondence from IRD, I did not receive a personal tax summary, and missed the July 7 deadline for IR3 which I was unaware of as I was not getting any letters, as they were going to the tax accountant, something I had no idea was happening.

Now I have no choice but to return to tax accountant again, as if I don't I face a late filing fee.

Pretty sure the late fee is only $50, but give them a call and explain what happened and tell them you'll file ASAP. They will probably give you a month or so extension.

Geese

1028 posts

Uber Geek
+1 received by user: 53
Inactive user

#354068 20-Jul-2010 17:32

IRD have been pretty good to me - they have written off $51,149 in interest charges off my student loan, but I didn't think they would let me away with not meeting a deadline, so I called and was told as its after July 7 I have to pay $50 to have IR3 processed, and if not completed in 6 weeks it goes up to $250 penalty. I had already given the tax accountant my documents earlier today, so I guess lesson learnt, after my tax return is processed and paid, I will remove them from having authority to get my tax information.

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