June 20, 2023

IRD updates & Tael Staff working remotely

May 2023 - Inside this issue

Do not file IR3s before June

We have been advised by the IRD that we will not be able to file the March 2023 Individual tax returns (IR3s) prior to June 2023.

The reason for this is not all reportable income will have been filed with the IRD, including Portfolio Investments Entity (PIE) income information.

We therefore will not be able to file any IR3s until after June, unless you provide 100% certainty that you don't have these income sources or you can provide records confirming the below information for the financial year 1 April 2022 to 31 March 2023:

  • Salary or wages
  • investment income, such as bank interest
  • dividends
  • PIE income (including KiwiSaver)

Please let us know if you have any questions or issues

Home office photos

IRD are currently running random reviews on client's home office claims.  They are asking us for never before information such as photo graphic proof and written explanations to support the claims.

Based on this change in behaviour, we recommend that you take photos of your home office and storage space that you wish to claim in your home office, in case you need to provide evidence of the space used.

We recommend you take these photos annually in case you move house or renovate and change the space and could not prove the space at a later date. It would also be helpful for you to have a written explanation on the use of the space, with the rational and timing per week etc. This information could be saved in your Xero files and submitted to us each year.

If you have any questions on this please let us know.

Tael staff working from home on Mondays & Wednesdays

With winter approaching and sickness impacting workplaces, Tael staff will be working from home on both Mondays and Wednesdays and so the office will be closed on those days.

You can still call or email us on those days as we will be working remotely.

If you have any questions or concerns for us, please don’t hesitate to get in touch with us.



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