How to Minimise the Chances of an IRD Audit
Many business owners in New Zealand believe that the chances of being audited by the IRD are so slim that they don’t need to worry about it.
Well, speaking as someone who has been in little offices many times with clients being grilled by the IRD—and having been involved with clients whose homes and business premises have been raided by the IRD—I can tell you that being on the wrong side of the IRD is a frightening, stressful and very expensive place to be.
I wouldn’t recommend that experience to anyone in any possible way. It is important then to make sure that the IRD focus their attention on others, rather than you, which can be achieved relatively easy most of the time.