Latest News

2012 Budget - Opinion

2012 Budget – Opinion

The Budget speech was labelled as being a “zero” budget. I have some comments on the website

I think it takes us zero closer to ever catching up with Australia, and therefore ever closer to going down the same plug hole as Greece.

Yet I rate the present Cabinet really highly, maybe the best ever. Then  I look at them “selling” bigger class sizes as part of a sensible solution and shake my head. What happens to people in power, how do they lose their common sense entirely?

To me, it is troubling that extra funding has been found for more tax audits and investigations. The increased scrutiny has been red flagged for some time, so I have had an opportunity to think about what I could do to protect you from this growing risk.

Together, we always try to comply with tax rules. But no one is perfect all the time, and even an investigation that resulted in no change to any return will still be stressful and will cost money.

You know that the tax laws are complicated. There is zero tolerance for error.

You may wrongly assume you are too small for the IRD to bother with.  However, there was a tax case last year where the IRD went after someone for around $1000 of tax, because they wanted to set a benchmark on a point of principle.

Over the next few days you will get a “snail mail” letter from me offering an audit insurance cover. This cover has been developed in Australia, and has been used for some years there. It has just come to NZ, and my firm is one of the first to offer it to customers like you.

As with any kind of insurance, you need to assess your risk. Everyone’s circumstances are different. It is quite ok if you say that you do not want to take up the cover, as long as you have thought about it. I see it as my job to bring this service to your attention. Having (or not having) this cover will not in any way alter the service that my firm gives you.

As a promo, the company is offering a couple of months free cover. They are highly rated in Australia as value for money. I recommend that you look at the “zero” funding for just about everything in the last Budget, and the increase in funding for IRD audits.

Rob Saunders

Latest Tweets

  • DigitalMaoriMaori News: Iwi eager to unite its people in celebration #maori #indigenous about a day ago
  • DigitalMaori@dairycocky No it's not. Pakeha rich list, Pakeha only prime ministers. Who has all the power? Not us. Crying now cos u have to share. Lol. about a day ago
  • DigitalMaori@dairycocky & if you're asking me personally, hell yea! If we can't eliminate poverty & racism, I'm totally for proMaori policies about a day ago
  • DigitalMaori@dairycocky race based? Read some history then get back to me. about a day ago
  • DigitalMaoriRT @kaupapamaori: In every community there are leaders who are willing to take on the challenge. We need to find & resource those people. L… about a day ago
  • DigitalMaori@dairycocky anyway I can hear of your your cows going mad out back. Must've heard about novapay. Better go check #mooove about a day ago
  • DigitalMaori@dairycocky @Olivefarmer yea any party. The night before he gave Annette the biggest hug. He's promoting his film &supporting his cousin about a day ago
  • DigitalMaori@Megapope dang. And we were all hoping lol about a day ago
  • DigitalMaoriRT @kaupapamaori: Angeline Greensill talking on the Treaty and protecting our environment. about a day ago
  • DigitalMaoriRT @kaupapamaori: We need to urgently address food sovereignty, climate change and protecting our environment. Angeline Greensill about a day ago
  • DigitalMaoriRT @kaupapamaori: "What concerns me is that we win over 34 seats and we don't have enough on the list... Get on the roll and vote" Angeline… about a day ago
  • DigitalMaori@dairycocky @Olivefarmer what you mean this guy? With Annette's Sykes. Oh that's right lol about a day ago
  • DigitalMaoriMaori News: Pu Konohi Art Auction #maori #indigenous about a day ago
  • DigitalMaoriMaori News: Amazing opportunity for Rangatahi wanting to work with Vodafone #maori #indigenous about a day ago
  • DigitalMaoriRT @kiwinerd: @DigitalMaori i think that article overuses the trope of indigenous nations dying out. about a day ago
  • DigitalMaoriMaori News: Mauri Hauora Walk Talk 6 by Olly Ohlson #maori #indigenous about a day ago
  • DigitalMaoriRT @patsalwhk: @DigitalMaori you rock @InternetPartyNZ feeling star struck x about 2 days ago
  • DigitalMaoriMaori News: The M?ori Party dismisses Act Party claims of race-based privilege #maori #indigenous about 2 days ago
  • DigitalMaoriRT @TovaOBrien: This woman is a woman I've admired from a distance for most of my adult life - Laila Harre on Annette Sykes… about 2 days ago
  • DigitalMaoriRT @Sub_Strata: @DigitalMaori looks like @InternetMana landslide victory in the Most Fun Campaign category about 3 days ago