Tutbury Associates LtdTutbury Associates Ltd

By Kelly Tutbury

Tips for creating an advisory board for your business with New Zealand-wide accounting specialists Tutbury & Associates Limited.

Tips for creating an advisory board for your business with New Zealand-wide accounting specialists Tutbury & Associates Limited.

An advisory board can be an important resource for getting your business to the next level says New Zealand’s premier accounting professionals Tauranga-based Tutbury & Associates Limited.

An advisory board is a carefully selected group of individuals that believe in your business, are aligned with your values and mission and are dedicated to your success of both you and your business. When set up correctly and with the right people it can help advance growth, improve financial performance, control risk or improve operational performance.

“Businesses typically have advisory boards so they can apply the expertise of the advisors and improve their business capability,” advises Kelly Tutbury, Accountant and Managing Director at Tutbury & Associates Limited.

When setting up an advisory board be clear about what you’re trying to achieve. A great way to do this is to perform a SWOT analysis of your business to understand your company’s strengths and weaknesses, as well as the opportunities and threats. This will make it easier for you to find the skillsets that your business is lacking.

When selecting advisors that you want to have on your advisory board look for people that have already achieved what you are trying to achieve with your business, “This is so that you can learn from both their successes and their failures,” advises Kelly.

If you are a start-up or news business putting together an advisory board the member should cover financial, business strategy and legal/commercial. These three skills are all very important to have correct in the early stages of a business.

An advisory board is an evolving entity that will likely transform as your business expands. “You will need the choice of re-evaluating each advisor at the end of each year to check if they are still aligned with your business goals and if they have fulfilled your expectations,” adds Kelly.

 

About Tutbury & Associates Limited:

Tutbury & Associates Limited has worked hard to build their reputation of excellent customer service by working interactively with their clients and making sure that their clients get value for money. They are ideal for ideal for trades people, or anyone who wants to grow their business.

Contact Tutbury & Associates Limited:

Phone: 07 576 2194

Email: admin@tutburyassociates.co.nz

Address:  23 Myres Street Tauranga

Website: https://tutburyassociates.co.nz

Facebook: https://www.facebook.com/tutburyassociates/

Instagram: https://www.instagram.com/tutburyassociatesltd/

Youtube: https://www.youtube.com/channel/UCTYBVKrnJdeuxPLwnjDejfw

LinkedIn: https://www.linkedin.com/company/tutbury-associates

By Kelly Tutbury

The benefits of having a professional business plan with New Zealand-wide accounting specialists Tutbury & Associates Limited.

The benefits of having a professional business plan with New Zealand-wide accounting specialists Tutbury & Associates Limited.

A business plan is the most important step between a business concept and reality, says New Zealand’s premier accounting professionals – Tauranga-based Tutbury & Associates Limited.

A recent study from the Journal of Management Studies found that companies that plan can grow 30 per cent faster than those that don’t have a planning strategy.

“Business plans help business owners’ step back and see the bigger picture, so they can plan ahead, make well-informed decisions that will help the business succeed,” says Kelly Tutbury, Accountant and Managing Director at Tutbury & Associates Limited.

Before diving headfirst into creating your business plan, have a clear idea about what you want to achieve, as this will help bring into line your team so you’re all working toward the same goal.

A business plan doesn’t need to be a long and dense document, you want to keep it short, simple and easy to understand.

“While it is great to have big aspirations, make sure you keep your goals grounded in reality and relevant to what is going on in the market,” adds Kelly.  Conducting a bit of market research before you start can help you gain an understanding of how your product or service works for them and whether it’s something they would pay for. From then you can conduct a SWOT analysis to determine your strengths, weaknesses, opportunities and threats.

Once you have your business plan, it needs to be a living document which should be updated as your business grows. Regularly look at how close you are to key milestones in your business plan. Change your business plan with any updates affecting your business.

The experts at Tutbury & Associates Limited can professionally review your plan and give you feedback and suggested improvements, or help you create your own personalized one. A business plan will allow you to make a clear connection between what you’re investing in and the outcomes you want to accomplish. Tutbury & Associates Limited help you make sure that you’re setting yourself up for success.

About Tutbury & Associates Limited:
Tutbury & Associates Limited has worked hard to build their reputation of excellent customer service by working interactively with their clients and making sure that their clients get value for money. They are ideal for trades people, or anyone who wants to grow their business.

 

Contact Tutbury & Associates Limited:

Phone: 07 576 2194

Email: admin@tutburyassociates.co.nz

Address:  23 Myres Street Tauranga

Website: https://tutburyassociates.co.nz

Facebook: https://www.facebook.com/tutburyassociates/

Instagram: https://www.instagram.com/tutburyassociatesltd/

Youtube: https://www.youtube.com/channel/UCTYBVKrnJdeuxPLwnjDejfw

LinkedIn: https://www.linkedin.com/company/13728219/admin/overview/

By Kelly Tutbury

A quick guide to exemptions from fringe benefit tax on motor vehicles with New Zealand-wide accounting specialists Tutbury & Associates Limited.

A quick guide to exemptions from fringe benefit tax on motor vehicles with New Zealand-wide accounting specialists Tutbury & Associates Limited.

A fringe benefit tax (FBT) comes into play when an employer makes a motor vehicle available to an employee, associated persons or shareholder for their private use, even if they do not use the car.

However, there are exemptions to this fringe benefit tax which are important to know, according to New Zealand’s premier accounting professionals Tauranga-based Tutbury & Associates Limited.

“Sole traders and partners in a partnership do not pay FBT on business vehicles they use,” Kelly Tutbury, Accountant and Managing Director at Tutbury & Associates Limited states.

FBT does not apply to a vehicle if it meets all of the following conditions:

  • It is drawn or propelled by mechanical power.
  • It has a gross laden weight of 3,500 kg or less.
  • The vehicle is mainly designed to carry goods or goods and passengers equally.
  • It has a prominent company branding that cannot easily be removed.

“You need to inform your employees in writing that the vehicle is not accessible for private use except for travel between home and work and it should only use for travel related to the business,” advises Kelly.

If an employee uses a vehicle to respond to an emergency call, FBT will not apply for that whole day when the employee travels from their home.  If the purpose of the visit is to provide “essential services”, then these services have to be completed between 6pm and 6am on weekdays or on a Saturday, Sunday or public holiday.

The essential services need to be related to:

  • The operation of your plant or machinery, or the plant or machinery of your client or customer.
  • The maintenance of services provided by a local authority or a public authority.
  • The supply of energy or fuel to the public.
  • Emergency services relating to the health or safety of any person.

If you have an employee that regularly travels for businesses, FBT may not apply when; they stay away from home overnight with the vehicle, they are away for more than 24 hours or if they need the vehicle to perform their work.

 

About Tutbury & Associates Limited:

Tauranga-based Tutbury & Associates Limited has worked hard to build their reputation of excellent customer service by working interactively with their clients and making sure that their clients get value for money. They are ideal for trades people, or anyone who wants to grow their business.

 

Contact Tutbury & Associates Limited:

Phone: 07 576 2194

Email: admin@tutburyassociates.co.nz

Address:  23 Myres Street Tauranga

Website: https://tutburyassociates.co.nz

Facebook: https://www.facebook.com/tutburyassociates/

Instagram: https://www.instagram.com/tutburyassociatesltd/

Youtube: https://www.youtube.com/channel/UCTYBVKrnJdeuxPLwnjDejfw

LinkedIn: https://www.linkedin.com/company/13728219/admin/overview/

By Kelly Tutbury

Why you need a succession plan with New Zealand’s leading accounting experts, Tutbury & Associates Limited.

Why you need a succession plan with New Zealand’s leading accounting experts, Tutbury & Associates Limited.

In the current unstable nature of the world, it is now more important than ever to have a succession plan in place to protect your business says New Zealand’s premier accounting professionals, Tauranga-based Tutbury & Associates Limited.

What would you do if you lost one of the leaders in your business? What are the steps you take to ensure a smooth transition?  This is where a succession plan comes into play. “Many business owners get so busy with the day-to-day operations of their business, that they forget to make succession planning a priority,” advises Kelly Tutbury, Accountant and Managing Director at Tutbury & Associates Limited.

A succession plan helps businesses categorise the vital roles in their companies and the personnel that are best suited to take up those roles in the future. “Starting succession planning may seem overwhelming at first, but the sooner you start, the quicker you can rest easier that your business is shored up for the long haul,” says Kelly.

The succession planning process makes you scrutinise your organisational chart so you can better understand possible vulnerabilities and can bring to attention the need to train key employees in certain or multiple roles. “If there are no candidates within the business who seem right for leadership spots then you know to start an external search as one of your early steps,” adds Kelly.

Smart succession planning provides improved and targeted employee development which leads to better-quality employee morale and increased workforce productivity. Planning for the future is something you should approach with a positive and excited mindset. And if done properly it can inspire your staff to stay engaged and maintain loyalty with the business.

If you have any questions or issues about how succession planning can benefit your business, don’t hesitate to contact the friendly and professional team at Tutbury & Associates Limited. Tutbury & Associates Limited can help you with your succession planning and accounting needs.

About Tutbury & Associates Limited:

Tutbury & Associates Limited has worked hard to build their reputation of excellent customer service by working interactively with their clients and making sure that their clients get value for money. They are ideal for ideal for trades people, or anyone who wants to grow their business.

Contact Tutbury & Associates Limited:

Phone: 07 576 2194

Email: admin@tutburyassociates.co.nz

Address:  23 Myres Street Tauranga

Website: https://tutburyassociates.co.nz

Facebook: https://www.facebook.com/tutburyassociates/

Instagram: https://www.instagram.com/tutburyassociatesltd/

Youtube: https://www.youtube.com/channel/UCTYBVKrnJdeuxPLwnjDejfw

Pinterest: https://www.pinterest.com/tutburyassociatesltd/

Twitter: https://twitter.com/TutburyAssoc

LinkedIn: https://www.linkedin.com/company/tutbury-associates

By Kelly Tutbury

New Zealand’s leading accounting experts, Tutbury & Associates Limited , launch a free Trust seminar.

New Zealand’s leading accounting experts, Tutbury & Associates Limited , launch a free Trust seminar.

If you are a Trust Settler or Trustee it will pay not to miss New Zealand’s premier accounting professionals, Tauranga-based Tutbury & Associates Limited, newly announced seminar all about the updated Trusts Act 2019.

For the first time since the 1950s, New Zealand trust law is being reworked. “If you’re a Trust Settler or Trustee you should be now administering your trust in line with the new law changes from 30 January 2021,” advises Kelly Tutbury, Accountant and Managing Director at Tutbury & Associates Limited.

Tutbury & Associates are offering a FREE seminar on the recent law changes to the Trustee Act 1956 which has now been replaced by Trusts Act 2019 which was passed into law on July 30 2019.

This seminar will take place on the Wednesday, July 29, 2020 from 5:30pm to 7:00pm at Club Mount Maunganui, 45 Kawaka Street, Mount Maunganui.

The Trusts Act 2019 puts into law a spotlight on the duties of trustees and requires and requires greater transparency around trust activity for Trustees and Beneficiaries.

“This includes compliance requirements and making sure Beneficiaries are aware that they are beneficiary of a trust and regularly providing them information without them having to request it,” says Kelly.

“For Trusts existing before the Trusts Act, it could mean that compliance duties will increase the time and cost of administering some trusts,” adds Kelly. This means that some current trusts are no longer cost-effective. Also the required greater transparency will put things in the public space that some trust owners might prefer to keep private.

The new Trusts Act 2019 comes into force at the end of January 2021 so make sure you are ready for the changes by attending Tutbury & Associates Limited free Trust seminar. Simply head over to the Tutbury & Associates Limited to reserve your space today. Spaces are limited.  https://www.facebook.com/events/2636607426552889/

Contact Tutbury & Associates Limited:

Phone: 07 576 2194

Email: admin@tutburyassociates.co.nz

Address:  23 Myres Street Tauranga

Website: https://tutburyassociates.co.nz

Facebook: https://www.facebook.com/tutburyassociates/

Instagram: https://www.instagram.com/tutburyassociatesltd/

Youtube: https://www.youtube.com/channel/UCTYBVKrnJdeuxPLwnjDejfw

Pinterest: https://www.pinterest.com/tutburyassociatesltd/

Twitter: https://twitter.com/TutburyAssoc

LinkedIn: https://www.linkedin.com/company/13728219/admin/overview/

 

By Kelly Tutbury

Keep up to date with the changing of rules around write-offs for tax debt with New Zealand-wide accounting specialists Tutbury & Associates Limited.

Keep up to date with the changing of rules around write-offs for tax debt with New Zealand-wide accounting specialists Tutbury & Associates Limited.

In a move to ease the financial stress, the New Zealand Government has changed the rules around write-offs for tax debt says New Zealand-wide accounting and financial experts at Tutbury & Associates Limited.

“Its important to keep yourself up to date on the latest changes with tax, as it can save you or your business a bit of money,” says Kelly Tutbury, Accountant and Managing Director at Tutbury & Associates Limited

For the 2019-2020 income tax year, tax payable up to $200 will be written off which is updated from the usual threshold for writing off tax is $50. Increasing this write-off threshold can go a long way in reducing tax bills for approximately 149,000 taxpayers.

“This amount of write off might not seem massive to some, this amount can reduce a significant amount stress for many kiwis,” says Kelly.

Inland Revenue’s auto-calc process has ensured that people have by now started getting their refunds. As at 10 June, there have been 2.3 million assessments carried out resulting in $586 million in tax refunds and $118 million in tax bills to pay.

This auto-calc process only applies to people whose income is only salary, wages, interest or dividends, not those who use the IR 3 tax return.

This change was settled on last week but legislation is still needed to amend the returns for the 2019/20 tax year. “However, it should be noted that for subsequent tax years, the threshold will revert to the $50 limit,” advises Kelly.

A newly fixed increase to provisional tax thresholds is projected to eliminate 95,000 taxpayers from the provisional tax net. This means that existing provisional taxpayers with residual income tax less than $5000 will have until February 7th of the year after they filed to pay their tax.

Expanding the provisional tax threshold decreases compliance costs for those businesses who’re now find themselves out of the net. It also keeps cash in the business for more time.

Businesses can still choose to make voluntary payments throughout the year. Additionally. if taxpayers think they have paid more than they should their provisional tax for the 2020-21 income year, they can contact Inland Revenue to get a refund.

If you have any questions or issues about these tax changes, don’t hesitate to contact the friendly accounting professionals over at Tutbury & Associates Limited. Tutbury & Associates Limited can help you with your accounting needs and liaise directly with the Inland Revenue on your behalf.

About Tutbury & Associates Limited:

Tutbury & Associates Limited has worked hard to build their reputation of excellent customer service by working interactively with their clients and making sure that their clients get value for money. They are ideal for ideal for trades people, or anyone who wants to grow their business.

 

Contact Tutbury & Associates Limited:

Phone: 07 576 2194

Email: admin@tutburyassociates.co.nz

Address:  23 Myres Street Tauranga

Website: https://tutburyassociates.co.nz

Facebook: https://www.facebook.com/tutburyassociates/

Instagram: https://www.instagram.com/tutburyassociatesltd/

Youtube: https://www.youtube.com/channel/UCTYBVKrnJdeuxPLwnjDejfw

Pinterest: https://www.pinterest.com/tutburyassociatesltd/

Twitter: https://twitter.com/TutburyAssoc

LinkedIn: https://www.linkedin.com/company/13728219/admin/overview/

 

By Kelly Tutbury

Five tips for choosing a financial advisor with New Zealand’s leading accounting experts Tutbury & Associates Limited.

Choosing a financial advisor can be a big choice that shouldn’t be taken lightly as there are many factors you need to consider. New Zealand’s premier accounting professionals, Tutbury & Associates, have outlined five tips to help you select a financial advisor that you can trust with your money.

What can a financial planner or financial advisor do for you? “A financial planner can assist you in making more informative financial decisions and plan for the future,” advises Kelly Tutbury, Accountant and Managing Director at Tutbury & Associates Limited.

This might include advice about budgeting, investing, super, estate planning, retirement planning, insurance and taxation.

  1. If you need to advice relating to investments like KiwiSaver, managed funds, shares or bonds then look for an Authorised Financial Adviser (AFA). If you want advice on very simple investments such as bank term deposits a Registered Financial Adviser (RFA) is a great place to start. If you are looking for advice on products provided by a company such as a bank, then seek out a Qualifying Financial Entity (QFE) adviser.
  2. Once you know what type of advisor you need, your next step to take is to make a list of what you want to get out of having a financial planner. “Think about where you are at with life, how much money you have, and what you’re trying to achieve,” advises Kelly.
  3. Once you have got a shortlist of potential financial advisors, you can further narrow down the list by checking out their qualifications. Most authorised financial advisers (AFAs) have the National Certificate in Financial Services (Financial Advice), which is also known as the New Zealand Certificate in Financial Services. “Good financial advisors are also required to take on constant development to sustain their professional capability, and to gain new knowledge and skills,” comments Kelly.
  4. Another thing to do is look at their work history. Have the handle situations similar to yours? Ask for testimonials and reviews from former clients. “You can even ask to see examples of their portfolio reports,” adds Kelly. This will give you a good idea whether they can handle your financial situation.
  5. When hiring a financial professional, make sure you do some background checks before hiring anyone to make a plan for your money. Not sure who to choose? If an adviser is not on the Financial Service Providers register when they should be, you need to be careful about taking their advice.

If you have any questions or issues don’t hesitate to contact the expert and friendly team at Tutbury & Associates Limited.

About Tutbury & Associates Limited:

Tutbury & Associates Limited has worked hard to build their reputation of excellent customer service by working interactively with their clients and making sure that their clients get value for money. They are ideal for ideal for trades people, or anyone who wants to grow their business.

 

Contact Tutbury & Associates Limited:

Phone: 07 576 2194

Email: admin@tutburyassociates.co.nz

Address:  23 Myres Street Tauranga

Website: https://tutburyassociates.co.nz

Facebook: https://www.facebook.com/tutburyassociates/

Instagram: https://www.instagram.com/tutburyassociatesltd/

Youtube: https://www.youtube.com/channel/UCTYBVKrnJdeuxPLwnjDejfw

Pinterest: https://www.pinterest.com/tutburyassociatesltd/

Twitter: https://twitter.com/TutburyAssoc

LinkedIn: https://www.linkedin.com/company/13728219/admin/overview/

By Kelly Tutbury

New Zealand’s leading accounting experts Tutbury & Associates Limited are helping New Zealand businesses apply for the wage subsidy extension.

New Zealand’s leading accounting experts Tutbury & Associates Limited are helping New Zealand businesses apply for the wage subsidy extension.

The COVID-19 wage subsidy scheme designed to help those impacted by the pandemic and lockdown has been extended and New Zealand’s premier accounting professionals Tutbury & Associates Limited are here to help business who need help navigating all the ins and outs of applying for the subsidy.

The wage subsidy was created to support employers, including sole traders, impacted by COVID-19, and face laying off staff or reducing hours.

The wage subsidy is designed to cover the wages of employees over a 12-week period. “However, you can not apply for the same person twice, if self-employed and have several streams of income you’re only covered for one” also if you have ‘passive’ eg Airbnb you don’t qualify either, and if paid out, expect to have to pay that back, advises Kelly Tutbury, Accountant and Managing Director at Tutbury & Associates Limited.

There is also the COVID-19 Leave Support Scheme available to employers. But you can’t receive both COVID-19 payments for the same employee.

To meet the criteria you must be an eligible New Zealand employer, your business must be in New Zealand, your employees must legally be working in New Zealand, you must have a 30% decline in revenue, you must mitigate the financial impact and you must retain the employees that you are applying for.

Following this, the wage subsidy has been extended from the 10 June 2020 until 1 September 2020 so employers can keep paying their employees. “You cannot apply for the wage subsidy extension for an employee until their 12-week wage subsidy has finished,” adds Kelly.  Applications open from 10 June 2020.

To qualify for the extension your business must have had, a revenue loss of at least 50% for the 30 days prior to application, compared to the closest period last year. “This will cover 8 weeks per employee from the date you put in your application,” says Kelly.

If you have any questions or issues about the wage subsidy or the wage subsidy extension will mean for you or your business, don’t hesitated to contact the friendly gurus over at Tutbury & Associates Limited. Tutbury & Associates Limited can help you with your accounting needs and liaise directly with the Inland Revenue on your behalf.

About Tutbury & Associates Limited:

Tutbury & Associates Limited has worked hard to build their reputation of excellent customer service by working interactively with their clients and making sure that their clients get value for money. They are ideal for ideal for trades people, or anyone who wants to grow their business.

 

Contact Tutbury & Associates Limited:

Phone: 07 576 2194

Email: admin@tutburyassociates.co.nz

Address:  23 Myres Street Tauranga

Website: https://tutburyassociates.co.nz

Facebook: https://www.facebook.com/tutburyassociates/

Instagram: https://www.instagram.com/tutburyassociatesltd/

Youtube: https://www.youtube.com/channel/UCTYBVKrnJdeuxPLwnjDejfw

Pinterest: https://www.pinterest.com/tutburyassociatesltd/

Twitter: https://twitter.com/TutburyAssoc

LinkedIn: https://www.linkedin.com/company/13728219/admin/overview/

By Kelly Tutbury

Benefits of Using Payroll Software with New Zealand’s leading accounting experts Tutbury & Associates.

Automating processes can save your business a lot of money and time, with payroll being one of the best examples says New Zealand’s premier accounting professionals Tutbury & Associates Limited.

Payroll isn’t a job that we love spending our time doing, but it is an important one. By utilising payroll software, you can speed up every part of the payroll process with a range of automated features, saving you time which could be better spent on other areas of the business.

“Using online payroll software can make the task of completing payroll easier and saving them a huge amount of time,” Kelly Tutbury, Accountant and Managing Director at Tutbury & Associates Limited.

Due to its convoluted nature, it can be easy to makes mistakes when doing payroll without a software system, using online software reduces the likelihood of those costly errors. Making a mistake that pays your workers too much (or to little) could leave your business in the dark without working capital, and the logistics of getting that money back will be a real headache.

Manual payroll systems are difficult to tailor to the exact specifications your business needs. However, with a payroll software, customisation is as simple as a click of a button.

“Good quality payroll software can be easily customised to the needs of a business; this mean it’s great for businesses such as entrepreneurial start-ups with a small number of employees or a rising business with a growing workforce,” advises Kelly.

With most things in business, the security of your data is paramount, and your payroll data is particularly sensitive. As payroll files will contain personal information, such as mailing addresses, dates of birth, bank details it needs to be protected. By using a trusted payroll software, you can guarantee this information is securely protected and cannot be accessed by anyone outside of your business.

If you have any questions about payroll or what payroll software you should use for your business, make sure you give the professional and friendly team at Tutbury & Associates Limited.

About Tutbury & Associates Limited:

Tutbury & Associates Limited has worked hard to build their reputation of excellent customer service by working interactively with their clients and making sure that their clients get value for money. They are ideal for ideal for trades people, or anyone who wants to grow their business.

 

Contact Tutbury & Associates Limited:

Phone: 07 576 2194

Email: admin@tutburyassociates.co.nz

Address:  23 Myres Street Tauranga

Website: https://tutburyassociates.co.nz

Facebook: https://www.facebook.com/tutburyassociates/

Instagram: https://www.instagram.com/tutburyassociatesltd/

Youtube: https://www.youtube.com/channel/UCTYBVKrnJdeuxPLwnjDejfw

Pinterest: https://www.pinterest.com/tutburyassociatesltd/

Twitter: https://twitter.com/TutburyAssoc

LinkedIn: https://www.linkedin.com/company/13728219/admin/overview/

By Kelly Tutbury

New Zealand’s leading accounting experts Tutbury & Associates Limited share tips on how to avoid getting scammed during the 2020 tax refund season.

New Zealand’s leading accounting experts Tutbury & Associates Limited share tips on how to avoid getting scammed during the 2020 tax refund season.

Be wary of scammers during the 2020 tax refund season says New Zealand’s premier accounting professionals, Tauranga-based Tutbury & Associates Limited.

Inland Revenue automatically processes and pays out tax refunds between Mid-May and July, this is also the prime time for when scammers may try to scam you.

In 2020 Inland Revenue will send around 2.5 million automatically assessed tax refund notices. This will be done by using both customer’s myIR accounts and through the post. These will be sent out in daily batches, Monday to Friday, between mid-May and the end of July.

“Intelligent scammers also know this information and will try to target this time of the tax year in an attempt to scam people and gain access to bank accounts and other personal information,” comments Kelly Tutbury, Accountant and Managing Director at Tutbury & Associates Limited.

There are a few tips that you should know, so that you can avoid getting ripped off.

  • With a bill from Inland Revenue, Inland Revenue give people plenty of notice to pay next year any bill. “Scammers will often say that the bill will need to paid immediately,” advises Kelly.
  • Inland Revenue will always inform people if they have a refund by sending an income tax assessment.
  • Inland Revenue will never put a dollar total of a refund in an e-mail or text message.
  • Inland Revenue will also not ask for your credit or debit card details in order to pay a refund. They also won’t make you to reply to an e-mail or text message to provide your bank account details.
  • The only time Inland Revenue will ask for bank account details is if they don’t have them. You will be asked provide these in a secure way such as using their myIR account or through the call centre.

Absolutely anyone can get caught out with a scam. “A good rule is that if it seems too good to be true, it’s probably a scam,” adds Kelly. You can also tell by the email address is should look like the phishing one below, ie: @ird.govt.nz

If you think you have received a scam, send it to www.phishing@ird.govt.nz

About Tutbury & Associates Limited:

Tutbury & Associates Limited has worked hard to build their reputation of excellent customer service by working interactively with their clients and making sure that their clients get value for money. They are ideal for ideal for trades people, or anyone who wants to grow their business.

 

Contact Tutbury & Associates Limited:

Phone: 07 576 2194

Email: admin@tutburyassociates.co.nz

Address:  23 Myres Street Tauranga

Website: https://tutburyassociates.co.nz

Facebook: https://www.facebook.com/tutburyassociates/

Instagram: https://www.instagram.com/tutburyassociatesltd/

Youtube: https://www.youtube.com/channel/UCTYBVKrnJdeuxPLwnjDejfw

Pinterest: https://www.pinterest.com/tutburyassociatesltd/

Twitter: https://twitter.com/TutburyAssoc

LinkedIn: https://www.linkedin.com/company/13728219/admin/overview/

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Tips for creating an advisory board for your business with New Zealand-wide accounting specialists Tutbury & Associates Limited.
The benefits of having a professional business plan with New Zealand-wide accounting specialists Tutbury & Associates Limited.
A quick guide to exemptions from fringe benefit tax on motor vehicles with New Zealand-wide accounting specialists Tutbury & Associates Limited.
Why you need a succession plan with New Zealand’s leading accounting experts, Tutbury & Associates Limited.
New Zealand’s leading accounting experts, Tutbury & Associates Limited , launch a free Trust seminar.
Five tips for choosing a financial advisor with New Zealand’s leading accounting experts Tutbury & Associates Limited.
New Zealand’s leading accounting experts Tutbury & Associates Limited are helping New Zealand businesses apply for the wage subsidy extension.