IRD Voluntary Disclosure
Clear up your tax problems with a voluntary disclosure to the IRD
Address Underpaid Tax Now
The longer you wait to address underpaid taxes, the greater the risk of detection and the harsher the potential penalties. Ysquared Chartered Accountant can assist you in preparing a thorough and accurate voluntary disclosure to the IRD, ensuring you meet all requirements and improve your chances of a favorable outcome.
Benefits of Making a Voluntary Disclosure
There are several reasons why making a voluntary disclosure is beneficial:
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Imminent IRD Audit: If you've received a preliminary letter indicating a potential audit, disclosing voluntarily can improve your standing with the IRD.
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Leverage Concerns: If an associate or partner could use your tax issues against you, a voluntary disclosure can mitigate this risk.
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Penalty Reduction: Making a voluntary disclosure before an audit is initiated can significantly reduce penalties, and in some cases, prevent prosecution.
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Peace of Mind: Clearing up past tax issues allows you to start fresh with the IRD and move forward without the stress of undisclosed tax liabilities.