Warning 26
Shake-up your tax adviser
If your tax accountant or tax consultant does not give you the
service you need, and if they don’t fight for you to obtain
the best tax deal legally possible, he/she may not be doing what
they were hired to do. If they don’t shape up to your
requirements – tell them. If they still fail to perform
– then change.
Warning 27
Voluntary disclosure encouraged
Reports of tax evasion in recent years have constantly pointed
out the penalties awaiting the offenders. In view of all the
publicity, it is appropriate to also draw attention to the IRD
policy in respect of voluntary disclosure. Penalties for evasion
can be severe. You also can get a mention in the local papers.
However, if you want to make a “clean breast of it
all”, then see the IRD and voluntarily disclose the evasion
or omission.
The advantages are this: no prosecution, no publication of your
name and minimal penal tax. But you have to get to the IRD first
before they get to you.
Wa
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