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Tax Debt

Take the first step towards resolving your tax debt today

Struggling with Tax Debt?

The sooner you address your tax debt, the more options you'll have. Our goal is to find a suitable resolution for both you and your business and Inland Revenue, aiming to avoid bankruptcy or liquidation whenever possible.

Managing Your Tax Arrears

At Ysquared Chartered Accountants, we specialize in helping businesses and individuals manage and resolve their tax debt. Ignoring tax debt won't make it disappear, and the penalties for late payments can be harsh and financially draining.

Our team at Ysquared Chartered Accountants has extensive experience and expertise in handling tax debt. We've successfully assisted numerous clients in navigating the complexities of tax debt legislation and the procedures followed by Inland Revenue.

Tax Debt Services by Ysquared Chartered Accountants, NZ

Our Services

  • Expert Representation: We act as your representative in dealings with Inland Revenue, relieving you of the stress and pressure associated with tax debt issues.

  • Thorough Documentation: We prepare supporting documentation to present your case in the best possible light, increasing the chances of a favourable outcome.

  • Detailed Submissions: Our submissions are based on case law and tax legislation, ensuring a well-supported argument on your behalf.

  • Penalty Avoidance: Our expertise allows us to negotiate effectively with Inland Revenue, giving you the best chance to avoid penalties and prosecution.

Our Approach

  • Debt Arrangement: We can arrange for your tax debt to be placed under a formal agreement.

  • Repayment Plans: We negotiate and establish a repayment plan that suits your financial circumstances. Typically, repayment and installment plans are set up for 2 to 3 years, or longer if necessary, based on the size of your debt and your ability to repay.

  • Debt Reduction: In extreme cases, we can discuss with Inland Revenue the possibility of partially or fully writing off your tax debt.

  • Avoid Legal Action: We will find a best solution for you, and avoid bankruptcy or liquidation.

Contact Ysquared Chartered Accountants now, and let's work together to clear your tax arrears and secure your financial future

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