AUTHORITY TO ACT ON YOUR BEHALF

TERMS & CONDITIONS OF ENGAGEMENT OF MY TAX BACK NZ LIMITED 

These terms & conditions of engagement (“Terms“) govern all use of the MYTAXBACK.CO.NZ website and the services My Tax Back NZ Limited provides. Use of this website and/or services provided by My Tax Back NZ Limited will be deemed to constitute acceptance of these Terms.

1. AUTHORITY TO OBTAIN INFORMATION FROM THE INLAND REVENUE

You give authority for My Tax Back NZ Limited or its staff to link your details with Inland Revenue to their agency client list and for My Tax Back NZ Limited to act as your tax agent for all purposes associated with the assessment, receipt and/or delivery of your tax refund(s). You will contact My Tax Back NZ Limited or the Inland Revenue to cancel this authority. In simple terms this means that you want My Tax Back NZ Limited to continue to act on your behalf and to claim your refunds and file your tax returns until you ask them to stop. You acknowledge that this gives My Tax Back NZ Limited the authority to do all of following:

• Link your Inland Revenue number to their client list.
• Obtain information from Inland Revenue in regard to ALL tax types and all tax matters by a variety of methods, including but not limited to by telephone, internet, fax, mail, info express and all E services.
• Obtain from any financial institution any relevant information that may affect the assessment of your refunds.
• View all transactions and debt relating to any tax type.
• Add a new tax type or cease an existing tax type.
• Amend your address for any tax type.
• Sign and file any tax returns on your behalf regardless of whether the result is a tax refund or tax bill.
• Undertake an assessment of your tax position and/or re-assess/check any IR issued assessment and adjust, correct and finalise any pre-populated assessment of final account.
• Receive your refunds and any tax credits into the My Tax Back NZ Ltd Trust account.
• Confirm your IRD number and any other relevant details with the Inland Revenue

You understand that if you already have a tax agent you will be delinked from your previous tax agent’s client list. You acknowledge that you are solely responsible for ensuring that all information you provide or that is provided on your behalf to My Tax Back NZ Limited is complete and accurate and that My Tax Back NZ Limited does not undertake any audit or verification of such information. Submitting an application constitutes your electronic signature and agreement with all the terms and conditions of engagement.

My Tax Back NZ Limited reserves the right to delink you as a client at any time and for any reason. This clause is for the sole benefit of My Tax Back NZ Limited. You will not incur any further fees other than what has already been incurred up to that point in time if My Tax Back NZ Limited chooses to delink you as a client.

You authorise My Tax Back NZ Ltd to take whatever action is necessary, in their sole opinion, that is in your best interest in relation to your income tax affairs. This may include filing returns that do not result in a tax refund and you agree that My Tax Back NZ Ltd will be responsible for checking the correctness of any pre-popluated assessment.

2. FEES

All fees are subject to addition of GST.

You have read and understood the fee structure and you agree to pay the following service fees.

For wage and salary earners (who are not required to file an IR3) a Standard Assessment Fee of $23 will apply regardless of whether any refund is possible.

A Success Fee equivalent to 11% of the assessed refund amount, for the service provided by My Tax Back NZ Limited in assessing, checking, receiving and/or delivering your refunds or credits due for all/any tax types.  

Fees are calculated based on My Tax Back NZ Limited’s assessed value of each refund. You acknowledge that the fees are incurred upon My Tax Back NZ Ltd undertaking an assessment of your information and tax position. For new clients this will be on the day that the application is submitted.

In addition, one of the following charges (per tax year) may apply to all clients who are required to file an IR3 Tax Return (usually those people who have received untaxed income of some kind). If an IR3 is required for any reason the minimum fee is $99. One of the following may apply depending on your circumstances.

Contractors/individuals without expenses to claim	$99
Contractors with expenses to claim	$149
Self employed – Rideshare, Sole Trader, Air BnB income	$149
Income from a Trust or Part Year Return for new immigrants	$99
Overseas income (inc foreign investment fund)	$149
Untaxed shareholder Salary	$149
Partnership Return	$199
Plus per partner individual return	$99
Look Through Company (LTC)	$299
Plus individual return per shareholder	$99

 

Rental Property Returns – Sole Owner
1 property	$279
2 properties	$449
3 properties	$549
Rental Property Returns – Two Owners
1 property (includes tax return for each owner)	$379
2 properties (includes tax return for each owner)	$549
3 properties (includes tax return for each owner)	$649

Each additional owner will incur a $100 assessment fee.

Brightline Test IR833 Return preparation - if you have sold a property subject to the Brightline Test - $199

Business Tax Returns are priced separately from the above..

Miscellaneous Fees:

A $3 per refund for manual or electronic verification of the ID that is submitted with any application.

A $1 per refund fee for all electronic payments of refunds.

International Telegraphic Transfer Fee is $39 for ALL payments to overseas bank accounts.

Urgent Payments outside of normal processing times $19 per refund. This includes repeat payments to invalid bank accounts.

If a cheque has to be cancelled for any reason a $30 cheque cancellation fee will apply.

If you are entitled to a refund, the fees will be deducted from the refund before any remaining balance is paid to you. You authorise My Tax Back NZ Limited to deduct their processing fee immediately upon receipt of any refund into the MY TAX BACK NZ Ltd Trust account.

If you are not entitled to a tax refund, and an IR3 is required, our fee will be payable prior to the issue of a draft return.

You agree that you are liable to pay an administration cost of $199+gst, plus any collection costs and any fees incurred for debt collection should you owe My Tax Back NZ Limited for any overdue amounts.

3. RECEIPT AND PAYMENT OF TAX REFUNDS

You authorise My Tax Back NZ Limited to;

Receive any refund for any tax type on your behalf and for this to be deposited into the My Tax Back NZ Limited Trust Account.
Deduct from such refunds any applicable service fee or any other fees as set out above and you understand that this will solely be based on My Tax Back NZ Limited’s assessment.
Pay the net balance of the refunds to you by direct credit into your bank account.

In the event that any portion of your refund is transferred to any tax type arrears you acknowledge that My Tax Back NZ Limited may withhold an amount equivalent to the value of their assessed service fee. In the event that any fees remain outstanding, you authorise My Tax Back NZ Limited to deduct such fees from any future refunds received by them on your behalf.

4. TIMING

You understand that while My Tax Back NZ Limited aims to pay the tax refund in 5 working days from application date this time frame can be increased by delays at Inland Revenue for various reasons. You understand the 5 day time frame is not a guarantee and release My Tax Back NZ Limited from any liability for payment occurring outside of that time frame. Refunds for the most recently completed tax year which ends on 31st March will not be issued until June at the earliest.

5. IDENTITY VERIFICATION

You agree that My Tax Back NZ Limited has permission to verify your identity by receiving photo ID, using address verification, and/or NZ Driver Licence verification with any third party provider upon receipt of your on-line application.

6. AUTHORITY TO BE CONTACTED BY EMAIL AND/OR TEXT MESSAGE (SMS) AND/OR PHONE

You hereby provide your consent for My Tax Back NZ Limited to contact you by email, TXT or phone in order to inform you of any information relating to your tax affairs, or for the purposes of promoting additional marketing initiatives. You understand that should you delink My Tax Back NZ Limited as your tax agent, you can contact them to unsubscribe from further correspondence at any time. You also authorise My Tax Back NZ limited to use any correspondence that you send to them in the testimonial section of the Mytaxback website. Unsubscribing from email contact does not constitute cancellation of MYTAXBACKS authroity to continue to act on your behalf in relation to all tax matters.

7. YOUR OBLIGATIONS

7.1 You will notify My Tax Back NZ Limited if you decide to withdraw authority to access your IRD information (via pone of the methods out in section 11 below) or if any of your personal details change or if you receive any untaxed income of any kind. 

7.2 You authorise My Tax Back NZ Limited to act as your tax agent for all future years until such time that you notify them to cancel this authorisation.

7.3 You accept full responsibility for notifying My Tax Back NZ Limited if you receive any income from any source (other than wages or salary or benefits), or if you have work related expenses to consider and include in your return(s).

7.4 You understand that if any of your refunds, that are issued by the Inland Revenue, are not credited to the MY TAX BACK NZ Ltd Trust Account for any reason whatsoever, you agree to pay My Tax Back NZ Limited their fees within 7 days of receipt of their invoice.

7.5 You will pay any tax owing to the IRD on or before the due date. You do not hold My Tax Back NZ Ltd or it's staff liable for any tax bill that is issued as a result of the filing of any tax return and you understand that any assessment is based on the information that you alone have provided or that has been sourced from Inland Revenue, your bank, investment provider or Kiwisaver provider.

8. DISCLAIMER AND LIMITATION OF LIABILITY

My Tax Back NZ Limited has not audited the information provided in the application and therefore neither we nor any of our employees accept any responsibility for the accuracy of the materials from which any Income Tax Assessments, returns or tax credit claims have been prepared. Further, the Income Tax Assessments, returns or tax credit claims have been prepared or checked at the request of, and for the purposes of the client only, and neither we nor any of our employees accept any responsibility on any ground whatever, including liability in negligence, to any other person.

You acknowledge that My Tax Back NZ Limited does not accept any responsibility or liability for the accuracy of the information (that you or IR have provided) from which the Tax Returns or tax assessments have been prepared. You agree that you are liable for any payment required by the IRD as a result of My Tax Back NZ Limited filing your tax return(s). You agree that nothing in these Terms creates evidence of any partnership, joint venture, employer/employee or fiduciary relationship with My Tax Back NZ Limited. No reliance should be placed on the operation of this website at any time and you acknowledge that My Tax Back NZ Limited has no obligation to provide or continue to provide access to this website.

10. AMENDMENT TO THESE TERMS

My Tax Back NZ Limited reserves the right to update our terms and conditions or fees from time to time on a minimum of 10 days' notice to you (via email and on our website).

If the changes notified do apply to you but you don't agree with them, you may cancel our services without penalty by notifying us before the new terms, conditions or fees are stated to come into effect.

You may be asked to agree to our current set of terms, conditions and fees before we begin to provide services to you. If we notify you (via email and on our website) that our terms, conditions and/or fees have changed and you do not cancel our services within 10 working days, you will be deemed to have accepted the updated terms, conditions and/or fees.

11. CANCELLATION OF AUTHORITY

If you wish to cancel this authority, you may do so by any of the following methods:

1. Calling My Tax Back NZ Ltd
2. Completing our Cancel Registration Form
3. Calling IRD

If you cancel the authority, a new authority will need to be completed before My Tax Back will be able access your IRD information or to take any further action on your IRD affairs.

Cancelling your authority, after any fees have been incurred (ie after an assessment has been completed), will require payment of fees as outlined in section 2 and 7.4 above. Cancellation does not eliminate the obligation to pay for the service provided in completing an assessment of your tax positon.

12. PRIVACY ACT 1993

Information My Tax Back NZ Limited obtains in the course of this engagement is subject to confidentiality requirements, in addition to obligations under the Privacy Act 1993. My Tax Back NZ Limited will not disclose that information to other parties without your express consent, except as required by law, to maintain your details with Inland Revenue, or to verify your identity with VEDA.

 

Our clients are typically wage and salary earners who have worked during any of the previous 5 years. Our experience suggests that if you have been working and paying tax, then you have a great chance of receiving a New Zealand tax refund. You might be a full time or a part time worker, it makes no real difference since most payroll systems generally over tax employees at some point. If any of the following situations apply to you during any of the past 5 years, your chances of getting a tax refund significantly increase:

• You have worked more than one job at any one point in time and used a secondary tax code
• You have earned between $24,000 and $48,000 and don’t receive any Working For Families tax credits
• You received a bulk payment for holiday pay/bonus/backpay etc
• You work irregular hours
• You have changed jobs in any of the past 5 years and received your holiday pay with your final pay from any employer.

We have processed thousands of tax refunds applications for people from all walks of life including high profile sportsmen and TV personalities but typically our clients are regular hard working NZ residents who get paid either wages or a salary and have no other forms of income. Surprisingly, we even manage to recover IRD tax refunds for some beneficiaries….even government departments don’t calculate the correct amount of tax to deduct in every case. Every person’s situation is different and there are many reasons why people get a tax refund but it all boils down to one simple fact….they have paid more tax than they are legally obliged to pay.

CUSTOMER FEEDBACK

"That's awesome you guys rock thank you for letting me know how much refund there is. I look forward to your receiving the refund in my account"

"Hi there it's Alei here just returning a fantastic feedback in the last two weeks I sent thru my church donations receipt then I followed up on Thursday last week and one of your reps replied the refund should be in my account on Wednesday this week and it's true it's already in my account I highly recommended your service great people that helps people too so I'm just waiting on my employer's tax refund keep me up to date please"..Alei, Auckland

"Yippee! Thankyou (what a windfall!) "Your company is AWESOME"..Lynda, Chartwell Hamilton

“Thankyou MYTAXBACK! I am very excited to hear that I am due for an IRD tax refund. I can’t wait to receive my tax refund cheque!” Sandeep, Auckland

“Good morning guys! That’s fantastic news! As Tom Cruise in the movie “Gerry McGuire” says - Show Me The Money!....Lol! Thankyou to YOU and the rest of the MYTAXBACK team” Andy, Christchurch

“I got so frustrated being put on hold for 20 minutes when I rang the IRD that I decided to try your on-line service while I waited. It was so easy and I got my refund in days. Thank you so much. I’m going to buy myself an ipad now that I’ve got my IRD tax refund!” Kevin, Alexandra

"Many thanks for a speedy and easy return process. I will certainly be using My Tax Back next year." Paula, Dunedin

“When I filled in the application form I never expected to receive a massive refund 2 weeks later. I just presumed my boss was deducting the right amount of tax from my pay each week. He can’t explain why I’d overpaid my taxes….thank God you could! Thanks for your help guys!” Heather, Central Otago

“Thank u so much for sorting out my tax refund. You have been a huge help” Des, Auckland

“Hey MYTAXBACK, you guys ROCK! Thanks for arranging another tax refund for me this year” Justine, CHCH

“WOW, I just received my refund cheque. I couldn’t believe my eyes. ARE YOU SURE THIS IS RIGHT? I didn’t expect anywhere near this much. THANKYOU SO MUCH!” Jodi, Auckland

"Hi Guys, Thank you so much for assisting our tax refund.. we very much appreciate it. Me and my Hubby are very grateful that you helping us and not worried how to get a tax refund everytime because you are here guyz to update us. Thanks again until in the next refund." Ma, Wellington

"My Tax Back team, I would like to thank you all on behalf of 'Etika for all that you have done to ensure 'Etika gets his tax return. That money has helped 'Etika and his family a lot while we were there in NZ. Indeed, we are so appreciative of your help and we sincerely acknowledge we cannot thank you enough for your support while we were there in NZ". Sela & Ekita, Auckland

"Hi Mytaxback. The tax rebate came through on Friday so many thanks for your prompt service. Regards", Andrew ChCh

My Tax Back NZ Ltd offers affordable Rental Property Accounting & Tax Return services from the comfort of your home or office. We file more tax returns than any other tax agency.

We offer NZ’s LOWEST FIXED FEE with a full description of services provided. There are no hidden fees, surprises or fish hooks. There is no need to hire an expensive chartered accountant when our team of experienced, IRD registered tax agents can do the same work at lower costs and with a much faster turnaround.

Once you sign up with our agency and notify us of your rental income,  we send you an easy digital form to capture and record your rental property income and expenses.

If you are a sole owner of rental property we provide:

• Your Individual IR3 return
• Annual income statement (profit & loss)
• Tax advice about your rental property
• Tax reminders and assessments
• Free phone and email support

If your rental property is jointly owned we provide all of the above PLUS an individual tax return for each owner. ie 3 owners = 3 tax returns.

We will compile your rental property summary and ensure that we’ve used every possible deduction. Then we combine your rental property income (or loss) with your personal incomes (if any) and file IR3 Individual Income Tax returns with Inland Revenue for both/all owners.

Unlike most accounting firms, we won’t charge you for any time involved in answering your questions, or providing additional advice. We’re here to help you maximise rental returns and aim to make the process as easy and pain free as possible for you. When you are a client, we are available via phone or email to answer any all of your questions.

We provide unlimited FREE tax advice and support as it relates to your rental property.

If you’re not sure about things like;

• Ringfencing of losses,
• Brightline Tests,
• Depreciation,
• Provisional tax
• Tax deductibility ie. what expenses are claimable.

…….just ask and we can provide a simple, easy to understand explanation of these and many other tax related topics.

 

 

 

Welcome to mytaxback.co.nz

We are a team of experienced tax professionals dedicated to providing efficient and accurate tax return services to individuals and businesses in New Zealand. With years of experience in the tax industry, we have developed a deep understanding of the tax system in New Zealand and are committed to using our expertise to help you maximize your tax refunds and minimize your tax liabilities.

Our mission is to provide a stress-free tax return experience to our clients by offering a simple, streamlined and personalized service. We understand that tax can be a daunting and time-consuming task for many, which is why we have developed an easy-to-use online platform that allows you to submit your tax information quickly and securely. Our online platform is available 24/7, so you can file your tax return at a time that suits you.

At mytaxback.co.nz, we pride ourselves on our commitment to transparency, professionalism and exceptional customer service. We believe in building long-lasting relationships with our clients by providing them with reliable advice and support throughout the year. Our team is always available to answer any questions you may have and to provide you with ongoing support and advice.

We understand that every client is unique, and we tailor our services to meet your individual needs. Whether you are an individual, self-employed, or a small business owner, we can help you navigate the complexities of the New Zealand tax system and ensure that you are compliant with all tax laws and regulations.

Thank you for choosing mytaxback.co.nz. We look forward to working with you and helping you achieve your tax goals.

We specialise in filing tax returns for the following:

• Wage & Salary Earners
• Sole Traders & Contractors
• Rental Property Owners - Sole or Joint Ownership
• Brightline Test Tax Returns - Claim all the allowable deductions
• Rideshare Tax Reurns for UBER and OLA drivers

Once you are linked to our agency, the IRD may send you a notification letter advising that we have been appointed as your tax agent and notifying you of an Extension Of Time to file your tax return. When you are linked to our agency, we are able to access your tax and income records along with other information that may impact on your refund assessment directly from the Inland Revenue.

You do not need to reapply with us next year however you will need to advise us if your personal details change or if you receive any income other than from wages or salary. 

We will notify you if you are entitled to a refund by email or txt and we aim to get refunds to our clients within 5 working days of receiving the application, although the IRD do not work to this timeframe.

Please note: Tax Refunds for the most recently completed tax year (year ended 31st March) may not be issued by the IRD until late May at the earliest.

We estimate that the NZ Government collects approx $100 billion in taxes each year. Of course, tax is an essential part of any thriving democracy and it pays for essential services like health, education, roading and social welfare etc. Our aim with these NZ tax refund facts and tips is to ensure that you are not contributing more than you need to!

We’re pretty good at what we do!

FACT: Since we started our IRD registered tax agency in 2008, over 200,000 people have asked us to help them get a well earned tax refund. We aim to get you the biggest possible tax refund based on the information that you provide us with during the application process. The biggest single client refund we have recovered was over $52,000.

Tip: If you want the biggest possible refund, simply complete our application form and ensure you answer all the questions as accurately as possible.

What can you claim as a Business Expense?

General Rules:

If you are purchasing something solely for business purposes, then in most instances you can claim the whole cost of the item. 

If you have an expense that is for mixed use (i.e personal and business) then you can only claim the proportion that is used for business (e.g. if you use your mobile phone for both work and personal calls then you can only claim 50% of the phone bill). 

N.B. It's really important that you retain a copy  of a valid receipt or invoice. You will be required store/hold copies of all expenses that you claim for up to 7 years.

Different expenses have different rules on how much tax relief you are entitled, not every item will be 100% tax dedcutible. Read our FAQ section for more information on claiming work related expenses

Tax Codes

FACT: It is the taxpayer’s responsibility to ensure that their employer is using the correct tax code. When starting a new job, you need to indicate to your employer what your tax code should be by filling in an IR330 form. If your circumstances change during employment, you need to inform your employer and complete another IR330 form.

Tip: If your circumstances change, ie you start a new job or forsee any changes to your income, your tax code may need to be changed. If you begin receiving another source of income, have a significant change in your earnings or your family begins receiving working for family tax credits, check again that your tax code is still correct!

Tip: If you start a 2nd job, it is likely that you will need to use a secondary tax code. If you don’t, you could end up with a big tax bill at the end of the year.

Working For Family Tax Credits

FACT: If you have children, depending on your circumstances, Inland Revenue will provide additional financial support in the form of Working For Family Tax Credits. How much money you will get is dependent on a number of factors including the number and age of your children, your total family income and whether or not you are employed. You can choose to receive these additional payments either weekly/fortnightly or as a lump sum at the end of the NZ tax year.

Tip: At the end of the financial year the IRD will assess the payments you have received. If you have received more than your entitlement they may issue you with a tax bill. To avoid this from happening, always overestimate your family’s income for the year. That way you’ll end up with a bigger refund at the end of the year.

Tip: If you have chosen to receive your WFFTC as a lump sum, you need to let IR know if the care arrangements for your children have changed during the year and they will ensure you get the maximum possible refund. Also, let IR know if you’ve had any more children during the past year as you may be eligible for a Parental Tax Credit. You’ll receive a much bigger refund at the end of the year if you choose the lump sum option.

Schedular Payments

FACT: Schedular payments are typically paid to you when you are working as a contractor rather than an employee. You might receive schedular payments if you have done any promotional work, acting or modelling, temp work of any commission based sales work. Schedular payments are usually taxed at a flat rate for example it’s 20% for commission based sales work. If you have received schedular payments you may be able to claim work related tax deductible expenses.

Tip: If you are receiving schedular payments you may be able to claim for work related expenses that were incurred during the period you were receiving schedular payments. In order to claim, make sure you keep all of your receipts and records. 

Tip: If you have been asked by your employer to use a WT tax code, this will be a good indication that you are receiving schedular payments.

Tip: If you plan on claiming any vehicle related expenses you will need to keep a log book to record your mileage when your vehicle has been used for work related and purposes and personal travel.

Donations

FACT: If you have made a donation of over $5 to a registered New Zealand Charitable Organisation you may be able to claim a third of this back as a donations rebate. You can only claim donations rebates for the past 4 tax years.

Tip: Keep all of your donations receipts and statements and send them into us at the end of the financial year.

Deductible Expenses

FACT: As an employee there are very few tax deductible expenses that you can claim. However, if you have paid any premiums for loss of income insurance or if you have someone to prepare, assess or check your tax return, we will be able to claim a tax credit for these expenses.

Tip: You can check with the insurance provider as to whether a premium is able to be claimed as a tax deductible expense. Remember to keep the statements so that we can include these in your tax return at the end of the financial year.

Tip: Our processing fees are a tax deductible expense and by including these in your assessment it will increase your NZ tax refund.

Other Income

FACT: If you have received any other form of income over $200 other than wages or salary then you must declare this income and we have to include it in your return.

Tip: The good news is that you may be able to claim any expenses incurred in the generation of this income but will need to provide receipts or statements.

Changes to Property Rules

New Zealand citizens and residents

FACT: When buying, selling or transferring New Zealand property, excluding your main home, you now need to provide your:

• IRD number
• taxpayer identification number (TIN) from any overseas countries where you have to pay tax on your worldwide income, if you have one.

Tip: Give this information to  your property lawyer or conveyancer this information. You can also do this by filling in a Land Transfer Tax Statement, which is available on the Land Information New Zealand (LINZ) website. If you’re transferring property that’s in trust, you need to supply the IRD number for the trust. Trustees’ IRD numbers can’t be accepted.

Everyone else

FACT: When buying, selling or transferring property in New Zealand, you now have to provide your:

New Zealand IRD number and
taxpayer identification number (TIN) from any countries where you have to pay tax on your worldwide income.

Tip: Give this information to your property lawyer or conveyancer this information. You can also do this by filling in a Land Transfer Tax Statement, which is available on the Land Information New Zealand (LINZ) website. 

NZ's lowest assessment fee - just $23

Our experience, over the past 10 years, indicates that the IRD assessment of your refund eligibility is not always correct. We always aim to get you the biggest possible tax refund. 

For Wage & Salary earners who are NOT required to file an IR3, our low standard fee for assessing your eligibility for a tax refund is just $23. 

If you are required to file an IR3 for any reason (usually because you have received other untaxed income) then our minimum IR3 filing fee is just $99.

If you are required to file an IR3 and this does not result in a refund, we will notify of your obligations and any fees before we take further action.

Business Tax Returns are priced based on work involved.

A success fee of 11% of the refund amount will apply to all refunds assessed by our agency.

Fees are incurred upon completion of an assessment of your tax position. Fees may be payable prior to filing of your IR3 tax return.

If you delink us as your tax agent after we have checked, assessed or received your tax refund you will still be liable to pay our fee for the service we have provided. Fees are incurred on the day that your application is submitted (or in the case of existing clients on the date that our assessment is undertaken).

Please refer to our fees section for more details and full list of applicable fees.
 

On 1st April 2019, the Government introduced a law change that allows them to automatically assess all NZ wage and salary earners to determine if they have paid the correct amount of tax each year. Gone are the days of cherry picking refunds and ignoring years where you have paid too little tax. However this doesn't mean that you will automatically get a tax refund.

Due to this law change, we adapted our service to become a tax assessment and advisory service specialising in ensuring that wage & salary earners are compliant with the new law and that their automatic assessment is correct. You many have expenses to claim that will increase your refund. If you fail to notify IRD of this, their auto assessment will be incorrect. If you’ve ever tried calling IRD you’ll appreciate just how difficult and time consuming that can be. As your tax agent we can simplify and speed up this process for you and ensure that you never miss a tax refund that you are owed.

If the IRD do not hold your correct details, you may not ever receive the refund you are owed. We regularly notify the IRD of all required changes to ensure that your tax refund can be paid out. 

If you are a wage and salary earner, sole trader, contractor, self employed or own rental property, under the new law you will fall into one of 3 categories:

1. Autocalc assessment - Processed by IRD - No Extra Information Required
2. Autocalc - More Information Required
3. IR3 Return Required – Withholding Payments Income/Schedular Payments, Rental Income or untaxed income sources and reasons to be declared

Sounds confusing? – don’t worry, with unlimited FREE advice, our tax advisory services make the whole process fast and easy for you.

Category 1: Auto Assessed Tax Bill or Tax Refund Processed by IRD - No Extra Information Required.

As a client of our agency, if you fall into this category, we will make sure you are compliant with IRD. IRD’s autocalc assessment will NOT take into account any changes to your circumstances as they base the assessment on historic records that they hold for you. If you fail to notify them of changes that may affect your assessment, you could end up incurring penalties, interest or prosecution. We make it easy for our clients to ensure that they remain compliant at all times and ensure that you will always receive the biggest possible tax refund.

If the IRD do not hold your correct details, you may not ever receive the refund you are owed. We notify the IRD of all required changes to ensure that your tax refund can be paid out. If you're eligible, we will check to make sure you have received the Independent Earners Tax Credit and also we will claim any expenses or tax deductions available to you.

If you are issued a tax bill, first we will double check to ensure it is correct and see if there is anything we can do to reduce it or get it written off. We can also explain to you WHY you have a tax bill and what you should do to reduce the risk that this will happen again.

Contacting the IRD to notify them of any required changes is both time consuming and difficult. Often wait times are over 1 hour to speak to an IRD representative. Clients of our agency eliminate this complexity as we will always ensure your details are up to date, the assessment is correct and liaise with IRD on your behalf to resolve any issues.

Category 2: Autocalc - More Information Required

IRD won’t release your assessment (eg your tax refund) until some details have been confirmed with them. We liaise with you and notify the IRD of any changes that are required to the auto assessment and provide them with the info needed to complete the return and get your refund released asap. 

If the IRD do not hold your correct details, you may not ever receive the refund you are owed. We will notify the IRD of all required changes to ensure that your tax refund can be paid out. We take care of this for you and if you're eligible, we will check to make sure you have received the Independent earners Tax Credit and we will claim any expenses or tax deductions available to you.

If you are issued a tax bill, first we will double check to ensure it is correct and see if there is anything we can do to reduce it or get it written off. We can also explain to you WHY you have a tax bill and what you should do to reduce the risk that this will happen again.

We will be your primary point of contact for the year in all tax matters. Contacting the IRD to notify them of any required changes is both time consuming and difficult. Often wait times are over 1 hour to speak to an IRD representative. We take care of this for you and will always act in your best interests.

Category 3: IR3 Return Required – Withholding Payments Income/Schedular Payments, Rental Income or untaxed income sources and reasons to be declared

This is where IRD require a full IR3 Tax return to be filed. No auto assessment will be issued. We gather the info from you and prepare your return (this does take a little more time) but we ensure you are compliant with IRD’s requirements, have declared everything you need to and more importantly have claimed all available tax deductions to improve your tax position. During the year we will provide unlimited FREE advice when you contact us and provide you with guidance and practical advice to help keep your tax affairs in order.

As always, our aim is to get you the biggest possible tax refund, or in the cases where you have received untaxed income, the smallest possible tax bill.

To Summarise:

There’s been a law change and we’ve adapted to ensure you receive the best possible tax advice and make it easy to ensure our clients are always compliant with IRD’s requirements.

We remain as your primary point of contact for all tax matters and can provided unlimited FREE advice to help improve your end of year tax position.

Our aim is to ensure that you receive the biggest possible tax refund, or the smallest possible tax bill. We do need to stay in contact with you throughout the year and you just need to keep us informed of any changes that might affect your tax assessment.

Contacting us is easy, via phone, email or the contact us page on our website. No need to wait on hold for hours when trying to call the IRD.

Plus, we have very low fees

 

 

You will need a copy of your IRD number and NZ drivers licence in order to complete an on-line application. If you do not have a NZ drivers licence, you can still apply online, however you will be prompted to print out, complete and sign a copy of the PDF application form which you can either fax, FREEpost or scan & email it to us along with a photocopy of either your passport, 18+ Card, NZ firearms licence, international drivers permit or a NZ certificate of identity. See the Contact Us page for contact details.

 

Our service isn't free but we have low fees! Also our fees are 100% tax deductible.

For wage and salary earners who are NOT required to file an IR3, our income and tax refund assessment fee is just $23. This will be deducted from your refund if/when you have one. We won't charge you a cent until you have a refund.

Unlike other tax agents we DO NOT charge an annual advisory fee. Our advice is alway FREE for our clients.

However, if an IR3 is required by IRD for any reason (usually for people who have received untaxed income of some kind), then an IR3 Assessment & Preparation Fee will apply as follow:

Contractors/Individuals without expenses to claim	$99
Contractors with Expenses to claim	$149
Self Employed (Rideshare, Air Bnb, Sole Traders)	$149
Income from a Trust or Part Year Return for new immigrants/migrants	$99
Overseas Income (inc foreign investment fund)	$149
Untaxed Shareholder Salary	$149
Partnership Returns	$199
Plus individual return per partner	$99
Look Thru Company Return	$299
Plus individual return per shareholder	$99

Business Tax Returns are priced separately from the above and will be assessed based on the work involved.

We are confident that these fees for filing IR3’s are the lowest in NZ and we will happily beat any competitors advertised pricing by 10%. IR3 fees must be paid before the return is filed.

For any refund assessed, requested, confirmed, received or delivered through our efforts, our standard Success Fee is 11%+gst of the assessed refund amount. This success fee applies to all tax types.

 

For Rental Property owners, we have the following low tax return prepartion fees

One Sole Owner
1 property	$279
2 properties	$449
3 properties	$549
Two Owners (includes personal tax returns for each owner)
1 property	$379
2 properties	$549
3 properties	$649

Each additional owner will incur a $100 assessment fee per property

Business tax returns will be priced separately from the above

Brightline Test IR833 Return preparation – if you have sold a property that is subject to Brightline Test Tax obligations $199

ID verification fee is $3 (we incur this when we validate your identity)

Checking and redirecting refunds received into our trust account in error - ie processed by another person other than MYTAXBACK will incur a $23 processing fee.

Bank Transfer fee is $1 per refund issued.

All fees listed are per tax year and subject to the addition of GST

 

Information My Tax Back NZ Limited obtains in the course of this engagement is subject to confidentiality requirements, in addition to obligations under the Privacy Act 1993. My Tax Back NZ Limited will not disclose that information to other parties without your express consent, except as required by law, to maintain your details with Inland Revenue, or to verify your identity with VEDA.

New Tax Legislation (Mar 2019)

New tax legislation is expected to be passed into law in March 2019. The primary impact of this is that tax refunds and tax bills will now be automatically issued by the IRD at the end of each tax year without need for someone to request and confirm a personal tax summary. We still recommend using a tax agent to check that the assessment is correct to ensure that you will be receiving the maximum possible tax refund. Historically we have often found that the IR’s initial assessment is incorrect, especially in relation to WFFTC entitlements.

Extension to Brightline Test for Residential Property (Mar 2018)

From 29 March 2018 the bright-line test for residential property has been extended from 2-years to 5-years with the enactment of the Taxation (Annual Rates for 2017-18, Employment and Investment Income, and Remedial Matters) Act 2017. The extended bright-line test only applies to properties for which an agreement to purchase the property was entered into on or after 29 March 2018. If an agreement to purchase a property was entered into before that date, the 2-year bright-line test will still apply.
 
The 5-year bright-line test applies in the same way as the 2-year bright-line test.

The residential land withholding tax (RLWT) rules have been extended from 2-years to 5-years as a result of extending the bright-line test.  An offshore person will be liable for RLWT on residential land sold within five years of purchase, if the purchase date was on or after 29 March 2018

Labour election win good news for refunds (Nov 2017)

Bill English played the National "Tax Cuts" card pretty hard during the election, but our own analysis indicates that the promised tax cuts weren't all they were cracked up to be. What they seemed to gloss over was that their intention to remove the Independent Earners Tax Credit would have lead to a significant drop in the value of the annual tax refunds for many people earning between $24,000 - $48,000. This rebate currently boosts the annual tax refund for many of our clients by $520. We heard it claimed that the IETC was being scrapped as only half of all tax payers who are eligible for this rebate actually claim it.....the great news is that we claim this rebate for 100% of our clients who are eligible for it. Getting a few extra dollars in your weekly pay packet, but losing $520 at the end of the year didn't seem like a great idea to us, or to Labour who intend reversing the tax cuts and retaining this valuable tax rebate.

2017 Tax Refunds Being Released (June 2017)

That's right, we've started issuing thousands of tax refunds to our clients. We expect the vast majority of refunds to be issued by the end of June. However, some people may experience some delays and may not receive their refund until July or August rest assured we are working tirelessly to get all refunds issued as fast as possible.

2017 Tax Refunds (March 2017)

Over the next few weeks we will start reviewing our clients entitlement for a 2017 tax refund. Ordinarily we aim to get our refunds to our clients within 5 working days of receiving their application, however refunds for the 2017 tax year will not be issued by the Inland Revenue until mid June at the earliest. There may be a few reasons why your refund takes longer than this, such as:

Inland Revenue have issued the wrong type of return so we need to contact them to get the correct return issued

Inland Revenue have placed your refund into review

Please don’t worry if your account has gone into review. You can rest assured that we are working hard and talking to Inland Revenue directly to get your refund released as soon as possible. Some reasons as to why your refund could be in review are:

Inland Revenue are reviewing your Working for Families entitlement (this is the most common reason).
Your partner or spouse needs to file an IR3 return.
Your refund amount is a large refund ie over $2,500
Income details from your employer need to be confirmed. Your employer may not yet have advised the Inland Revenue of how much tax has been deducted from your wages.
An assessment of your student loan repayment obligation is still taking place.
You owe Child Support and Inland Revenue are assessing your obligations.

If your refund has not been released after the time frame Inland Revenue has provided, we will then contact them again and get a referral sent to remove the error holding up the refund. We check weekly for any changes and will contact you as soon as an update can be provided. Should you have questions regarding your refund please feel free to email us with your details or call us on 0900 REFUND.

IRD number application changes (October 2015)

From 1 October 2015 new rules require international customers to have a New Zealand bank account number before applying for a New Zealand IRD number. They need to include the bank account number on their IRD number application form. The Inland Revenue have introduced two new application forms on 1 October for international customers to provide this information. One form is for individuals and the other form is for entities (for example, companies, trusts and partnerships).

Removal of the Government KiwiSaver $1,000 contribution (May 2015)

As part of the Budget 2015 announcement, the $1,000 kick-start contribution Government makes to new KiwiSaver members’ accounts has been removed. People who have joined KiwiSaver before 2pm, 21 May 2015 will get the kick-start contribution.

​Inland Revenue Tax Agent “Security Audit” Results (Dec 2014)

MYTAXBACK takes its obligations very seriously – in fact we aim for perfection at all times. A recent Inland Revenue ‘AUTHORITY TO ACT’ check in October confirmed we’re still on the right track. The Inland Revenue check our processes to make sure we meet their strict parameters before we act on behalf of our clients. I’m sure you’ll be happy to know that we passed this check with flying colours again this year and scored a perfect 100%. This means that when you join our tax agency, you can be assured that we operate in accordance with the directives of the Inland Revenue regarding the linking of clients to our agency. We meet the Inland Revenues required standard to act on your behalf and will always do so with your best interests in mind.

The Parental Tax Credit has increased this year (Nov 2014)

For the 2015 tax year, the government, as part of their election promise has increased the value of the Parental Tax Credit (PTC). Previously, if you had a new child, depending on your personal circumstances, you may have been entitled to $150 per week for 8 weeks or a total of $1,200 in total. However, the PTC has increased to $220 per week for 10 weeks. The total value of this tax credit is now potentially $2,200, so if you have had a new child during the past year it’s definitely worth letting us know so that we can ensure you receive this money.

Scammer Jailed (Sept 2014)

Recently we have heard of several IRD phone scams that were operating in and around the Auckland area.

We are now able to report that the head of a highly organised syndicate of scammers has recently been jailed for a period of four years. Katrina Briggs of Mangere, led a syndicate that used friends, family and social media contacts to claim 270 tax refunds she was not entitled to. This amounted to a total of $1.16 million dollars of tax payers money. 18 people had been working on Briggs' behalf collecting tax information through Facebook, knocking on doors and approaching people in shopping malls pretending to be tax agents. The collectors were paid a cut of the refunds they helped to fraudulently collect for Briggs. Briggs was sentenced to a total of four years and three months jail in the Manukau District Court after pleading guilty to a representative charge of 'causing loss by deception'. Judge Gerard Winter told Briggs her offending was against every New Zealand taxpayer.

The NZ Police have confirmed that 18 other people have been sentenced in connection with this case.

You can call us on 09-5799022 or use this page to contact My Tax Back to ask any question. Please remember to add your IRD number. We can only claim NZ tax refunds

You can also submit the form below. Please note that we are incredibly busy at this time of year, thankyou for your patience.