IBBZ Accounting

Chartered Accountants & Tax Specialist


Filing your late tax returns


If your tax return is overdue then IRD may do default assessment which may not be correct reflection of your tax position. When we file your overdue tax return then we get to know the correct position of tax. Overdue tax returns may bring large tax bill and penalty. The longer a tax return is pending, the higher the penalty will be. IBBZ Accounting can provide solutions. We help you to file overdue tax return and avoid further penalties.


Problem: Not declaring income and not filing tax returns are criminal offenses. Late returns also incurs penalties and the longer the return is left unfiled, the higher the penalty. As not filing returns is a criminal offence, the IRD does prosecute people who don’t comply with the tax laws. The current tax regime is very harsh on people who do not want to comply with tax laws.


Solution: IBBZ accounting will help you to file your tax returns on time to avoid further penalties. The main reason that people do not file their tax returns is because they do not have a sufficient bookkeeping method in place. Without a sufficient bookkeeping system, it is hard for people to keep a proper record of transactions. This is how we can help you.  We will update your information technology and provide you with an effective and efficient bookkeeping system. With a good system in place, it is easier for your business to file your tax returns on time. 


This small business had four years of overdue tax returns including PAYE, GST and Income Tax. Upon submitting the returns the debt was over $100,000 and had a penalty of $65,000. They had serious cash flow problems, suppliers, IRD, and staff were not getting paid on time. We found out the root cause of the problems. We fixed the problems and made the tax compliant. We negotiated successful payment plan which helped them to repay everything in six months’ time, and currently all their tax payments are being paid on time and they are a successful small business.

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Google Reviews



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Shane Ross
Source- Google Review
I cannot recommend this company enough. Very professional and efficient. They have help me greatly over the years providing good outcomes. Pricing is really good value for money too. Look forward to doing more business with them in the future. Thanks IBBZ Accounting.
Lisa Minhinnick
Source- Google Review

Hi, Thank you so much to the team at IBBZ for helping me with my tax. I had reached desperation and wasn't making any progress with my accountant, i had been summoned to the high court by IRD and the IBBZ team helped me to seek an adjournment and get the professional help i required to negotiate and settle my debt with IRD in record time! I couldn't believe it!! I am so grateful for their professionalism, accuracy and expertise !! I highly recommend IBBZ !! thank you so much now i can continue to work and have integrity as a NZ citizen!! it feels amazing.
Marcelle Lupton
Source- Google Review

I found IBBZ Accounting LTD to be very very helpful, i dealt with all my tax issues very well with inland revenue.
i would not hesitate to use them again.
if you are looking for a good company to help with all your tx issues, look no further. they are great.