Drumm Nevatt & Associates, Tauranga, Auckland – Tax Compliance
Tax Compliance – a taxpayer complies (or fails to comply) with the tax rules. Tax Obligations – Filing in a cost-effective timeframeGovernments are increasingly putting pressure on tax administrations – our global economic environment has resulted in businesses facing challenging times in managing tax compliance. Why is tax compliance important?Failure to file returns and report income and transactions subject to tax is likewise punishable by law. Tax compliance has three dimensions – filing, payment, and reporting. What does compliance mean in the workplace? Everyone who earns money in New Zealand must pay income tax, including: Taxable income can come from various sources, including: If you are a: Ignorance in failure to pay taxes on time will have consequences – it is your duty as a taxpayer to educate yourself on all tax obligations you must fulfil on time. Tax compliance can be challenging for small business owners, and requires a thorough knowledge of various tax laws – it also involves much time and follow-up work. In addition, deadlines are crucial and must meet with accuracy. The Drumm Nevatt & Associates team are professional, highly skilled Chartered Accountants based in Tauranga and Auckland.They can provide help with all your tax accounting services, including annual accounts, GST legislation, tax facts, tax legislation changes and critical dates. The knowledgeable and experienced accounting team will provide tailored advice and firm solutions to help your business get the best results and ensure you only pay as much tax as you need. Are you ready to talk to an exceptional and professional accountancy firm about your business financial needs? Then let’s chat. Drumm Nevatt and Associates LimitedHowick OfficeE: office@dnaca.co.nzRidge House69 Ridge RoadHowickAuckland 2014PO Box 54 060The MarinaAuckland 2144 Tauranga OfficeP: +64 7 576 2194E: admin@dnaca.co.nz23 Myres StreetOtumoetaiTauranga 3110
