It's that time of the year again... tax time! Inland Revenue may have contacted you asking you to file an end of year tax return. If you need to file an end of year tax return don't be left wondering where to start; in fact, you don't need to look any further! WE Accounting can do your end of year tax return, and for an agreed fixed priced.
Wondering why you need to file an end of year tax return?
At the end of each tax year some taxpayers need to confirm the amount of personal income tax to be paid. This is done by filing an end of year tax return (IR3). This tells Inland Revenue:
- What your income was during the year
- How much tax you paid on your income
- Any business expenses you claimed
- Whether you'll get a refund or have tax to pay.
WE Accounting recommendations:
WE recommend that you file your end of year tax return (IR3) on time to avoid penalties. If you are going to file it yourself, make sure you take care when filling it out. However WE recommend you get an accountant, like WE, to help you complete your return, so you know you are filing it correctly and have accounted for all your business transactions for the tax year.
If you would like to know more about filing your end of year tax return, contact us!
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