Find a Tax Agent
Locating the right tax agent in New Zealand should not be difficult. The first step is identifying an agent who is professionally qualified, knowledgeable, and skilled in the specific area of tax that you require assistance with, such as personal tax returns, business income tax, GST, or contractor tax.
The next step is to ensure that the agent is registered appropriately and has the necessary authority to deal with Inland Revenue. It is common for most people to look for agents on reputable directories or websites specializing in accounting and tax professionals.
In selecting a tax agent, consider the following three factors: good communication, experience in the field, and a suitable service approach. Some individuals may need someone who can provide assistance through physical interaction, whereas others may be content with doing everything via e-mail or over the telephone. Spending a few moments comparing options could be beneficial.
What is a tax agent?
A tax agent is someone or a firm that provides assistance in the preparation and management of tax return affairs for its clients. According to Inland Revenue, tax agents play a significant part in the tax process and are required to fulfill certain conditions to be deemed qualified tax agents.
Why would someone require one?
Most people seek the help of a tax agent when they face difficulties in filing their income taxes, GST, business accounting affairs, among other tax processes. People hire tax agents due to lack of time, complex tax matters or simply to keep things organized.
How do you find one in New Zealand?
One can easily find a tax agent through the many online directories available, providing directories of advisors including bookkeepers, accountants and tax agents in New Zealand. For example, there’s the Xero New Zealand advisor directory which allows searching by service offered and location.
Another alternative would be consulting professional associations or organizations of approved advisors recognized by the Inland Revenue Department.
How do you know that they are authentic?
Verify if they have been officially registered, recognized, or affiliated with a professional body. According to the Inland Revenue Department, they may refuse to grant or withdraw tax agent approval if there is any risk involved, such as being dishonest, having significant performance concerns, or failing to fulfill their personal tax responsibilities.
What are some things you should consider when choosing?
Consider their expertise, communication skills, and services that suit your requirements. An effective tax agent must provide assistance with the tasks you require them to perform, which can range from personal taxes to businesses, GST, and even regular accounting.
Which should you go for, local or online tax agents?
It all depends on your preference. While some clients prefer a local tax agent because it is easier to meet them personally, others may opt for online assistance due to its flexibility.
- What are the things you should consider asking them before employing their services?
- You may consider asking them about the following:
- What services do you provide?
- Have you worked with clients/organizations like me before?
- How do you charge?
- How will our communication be conducted?
- Can you assist in handling my taxes?
Asking the above questions will enable you to know whether the agent is suitable.
Do tax agents provide all the same services?
Not necessarily. While some agents specialize in individual tax return, there are those that handle only corporate tax returns, contractors’ returns, rental taxes, or GST. Inland Revenue mentions that the same individual or entity is allowed to register as different types of intermediaries based on meeting the necessary requirements.
Can you employ a tax agent to represent you?
Yes, however, he/she needs to have proper authority to represent you. According to Inland Revenue, the authority must comprise proper client information and the authority to access information from Inland Revenue via appropriate means.
Can tax agents assist with other software services?
Yes. Some tax agents also provide complementary services when dealing with software such as Xero. This is clear from Xero advisor directory and its associated services page.
What is the safest approach?
The safest approach is to compare a few options, check their credentials, and choose someone with the right experience for your situation. Inland Revenue’s guidance shows that tax agent status matters, so it is worth checking that the person or firm is properly recognised.