Have you received a letter from Inland Revenue about a review?
Inland Revenue is putting increasing resources into investigation and review work. GST refunds are routinely reviewed and there are now specialist units investigating property transactions, the cash economy and the use of overseas credit cards.
We regularly assist advisors and their clients in handling Inland Revenue reviews and audits. As part of that, we undertake a mock audit to identify potential issues that may be the subject of follow-up questioning by Inland Revenue. During a review or audit, we work alongside advisors and their clients acting as their liaison with Inland Revenue investigators to manage the review and any issues that arise.
If you tick any of the boxes listed in the Fringe Benefit Tax checklist we strongly recommend you get in touch and take professional advice.