Many people ask the question as if they have already decided their situation is hopeless. It is not. The IRD are not out to destroy honest people who are a bit behind in their tax payment: even if you are a lot behind.

What you mustn’t do is do nothing. You are legally obligated to get in touch with IRD and at least negotiate some kind of realist settlement. If you don’t know your full rights under the law or feel intimidated talking to IRD directly; that is where an experienced third party like ‘Tax Debt brokers’ can help you.

We specialise solely on resolving Tax Debts and Tax Arrears – if we can’t help you then probably no-one else can.

Listen to our new ‘audio recording at www.taxdebtbrokers.co.nz and hear our Founder Steve Dent talking about why he founded ‘Tax Debt Brokers in the first place and what we can do to help clients with tax arrears.

If you like what you hear then call us to discuss your situation personally and in complete...

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We have noticed that over the past few months, the IRD's collection policies have taken a new harder line in regards to tax debt. Their willingness to negotiate the settlement of tax arrears seems to have been replaced by an intention to suck as much funds out of the taxpayer as possible, without regard to the taxpayers' residual financial position, or their ongoing ability to pay their future tax obligations as they fall due.

Whilst this policy may appear to maximise the collection of the tax arrears in the short term, we believe it will have a much greater negative effect on the future tax take that may have been budgeted for. This is because it will trigger the inevitable bankruptcies and liquidations that will surely follow and the subsequent job losses etc etc.

Tax Debt Brokers will continue to watch with interest.

If you have tax arrears, the IRD applies Interest on a daily basis and Late Payment Penalties on a monthly basis ... which ensures the level of your tax debt keeps rising rapidly. If the tax arrears include PAYE, the IRD also applies Non-Payment Penalties at 10% per month - which will end up crippling you financially.

To give you the best chance of financial survival, you need to deal with your tax debt as quickly as possible. And that is where Tax Debt Brokers can help ... we specialise in negotiating the settlement of tax arrears with Inland Revenue ... check out some of our testimonials ...

Although nobody deliberately sets out to get tax arrears, in this business climate, it is very easy to run short of cash at the time you need to pay your taxes. There is no need to get stressed over this situation as the main thing to do is contact us and we will take this stress away from you. We do this by dealing with the IRD on your behalf and use our knowledge and skill to negotiate a settlement of the tax debt to the best financial benefit as possible. What you shouldn't do is delay contacting us as this will just make your position with the IRD worse by the day.

Inland Revenue have a set process when calculating instalment arrangements. When it suits, they not only discount payments in line with the Government Stock Rates (1 & 2 Year), they also apply a "Probability of Payment" ratio - which cuts an even deeper discount on the payment. If the payment is coming from the surplus cash of a business, the value can be slashed down to as low as 45% by applying the probability of payment ratio over a 2 year period. You can imagine what effect this has on the real value of the payment !!

When looking at whether a business or an individual qualifies for financial relief or not, it is a futile exercise to compare the current case against a previous case and automatically look for the same result. No two cases are ever the same - in any respect - so for that reason we would be wasting our time doing a comparison.

Inland Revenue considers each case on its individual merits and circumstances and this is exactly the way we look at each cases as well. There are so many different interpreptations of information, different financial information involved, different case officers involved, different revenues involved etc etc etc which all go to making the waters very murky indeed.

Getting the best for your client is a well defined skill ....

If you know you have tax arrears, give yourself the best chance of business survival by not waiting for Inland Revenue to chase you before you seek help.

We see a lot of cases where clients are facing business closure - thanks to IRD legal action. This really puts the pressure on unnecessarily and things could be a lot easier to handle if we are able to get onto it early on in the peace - NOT just prior to liquidation.

For someone who has tax arrears and is looking for the best tax debt solution, it is obviously preferable to employ someone who specialises in negotiating a tax debt settlement with the IRD. This will ensure they get the best deal available for their circumstances.
One undeniable benefit a customer has when using Tax Debt Brokers to negotiate a tax debt settlement with IRD is the fees are set right at the start – BEFORE any work is undertaken.
Tax Debt Brokers do not operate on an hourly rate and therefore their client knows exactly what fees they are going to be up for before they engage Tax Debt Brokers.
With certainty of cost at the outset as well as a 100% money back guarantee, a client has total peace of mind when it come to getting the best solution for their tax arrears.

It is only when you work within an organization that you really understand it. When it comes to IRD, most accountants simply do not have a clue.If the accountant handles the negotiations with IRD on behalf of the client poorly, the client may be put out of business. Using Tax Debt Brokers (NZ) Ltd for clients with tax debt has several obvious advantages. First, it frees up the accountant to concentrate on other work. Second, it takes the responsibility of the management of the debt away from the accountant. And thirdly, it puts the matter in the hands of an expert – someone who knows how to approach IRD in each case to achieve the best outcome for the client.Steve Dent has managed several very good outcomes for us with clients with tax debt. Some were hopeless cases – but he managed to negotiate a deal with IRD that allows them to continue in business. I cannot recommend Steve highly enough, he is also a hell of a nice guy to deal with. Clients tend to like him too. 

Christine de Lee Director Accountants...

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The Phrase “Tax Debt Brokers” is now a registered trademark which means it can now use the symbol ® after it.