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74 posts

Master Geek

  Reply # 354049 20-Jul-2010 17:12
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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...


3290 posts

Uber Geek
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  Reply # 354054 20-Jul-2010 17:18
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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.


1222 posts

Uber Geek
+1 received by user: 58

  Reply # 354068 20-Jul-2010 17:32
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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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