Tax Debt Management

Worried about your tax debt & don’t know what to do?

We all try to do the right thing and pay our tax but sometimes it’s just too difficult to stay on track. Resolving tax debt to your advantage requires specific skills and knowledge, and talking directly to the IRD can have unintended consequences if you don’t know what you are doing.

Ask us about the best approach

Advisory Accountants can advise you of practical steps to address your tax debt issues so you can get the stress off your back. Many people overestimate the size of the problem and we’ll make sure you avoid incriminating yourself, criminal prosecution, bankruptcy, liquidation or forced asset sales.

You could be eligible for tax relief

Whether you’re an individual taxpayer or running a business, you may be eligible for tax relief and we can clarify your options. If you are suffering severe hardship, we’ll help you apply for discharge from some or all of your tax responsibilities.

Tax installment arrangements

Communicating with IRD can be protracted and confusing at times, especially when you are trying to run a business. It’s important that you come to an arrangement that allows you to pay your tax debt over time and with reasonable payments, so you can continue to trade profitability. Having knowledgeable and experienced people working on your behalf is invaluable and is more likely to lead to a positive outcome.

Address your tax debt now

When you fall behind on your tax payments, you need to address the debt promptly while it is still manageable. Ignoring your payment obligations is not an option, IRD will have no hesitation using strong measures such as garnishee action to collect the debt or they may take legal action to make sure that the correct tax is paid.

Don’t leave it any longer, call Advisory Accountants immediately and we’ll help you get on top of your tax debt issues.