How long will my refund take to process?
What expenses can I claim against my income?
How much will my donation rebate be?
How much will my childcare/housekeeper rebate be?
Can I use your service if I also have business income or rents?
I received withholding payments, can I use your service to see if I am due a refund?
I am a student at school and I work part time. Will I get a refund?
I have been on a working holiday in New Zealand and am about to return home. Will I be due a tax refund?
What happens if I owe Child Support to the Inland Revenue Department?
What are your charges?
Question: How long will my refund take to process?
Answer:
The maximum processing time for your tax refund is approximately 45 days,however at certain times of the year refunds can be processed in a matter of days.
Question: What expenses can I claim against my income?
Answer: You can claim the following expenses against your income:
A fee charged for completing your tax return.
Premiums on loss of earnings insurance, as long as the benefit from the insurance policy is taxable income.
Commission on interest or dividend income.
Interest on money you borrowed to buy shares or to invest, as long as the investment will produce taxable income.
Question: How much will my donation rebate be?
Answer: The maximum allowable rebate has increased over the years:
For the year 01 April 2001 to 31 March 2002 and previous years
If you made donations of $1,500 or more, your rebate will be $500.
If your donations were less than $1,500, your rebate will be one third of what you paid.
For the year ended 31 March 2003 to the year ended 31 March 2008
If you made donations of $1,890 or more, your rebate will be $630.
If your donations were less than $1,890, your rebate will be one third of what you paid.
For the year 1 April 2008 to 31 March 2009 and future years
The maximum threshold for donations has now been removed. You will be able to claim a one third tax rebate, up to a maximum claim equal to your annual taxable income.
For example:
If you paid donations of say $9,000 you could claim one third of that $9,000 i.e $3,000, as long as your taxable income was at least $9,000.
Question: How much will my childcare/housekeeper rebate be?
Answer: If you made payments of $940 or more, your rebate will be $310.
If your payments were less than $940, your rebate will be one third of what you paid.
Question: Can I use your service if I also have business income or rents?
Answer: If you have received any untaxed income, or losses you will need to file an individual income tax return (IR3).
If you would like any assistance with the completion of your IR3 tax return, we have an association with Ingham Mora, a firm of chartered accountants, who will be able to assist you with the filing of your tax return. Please click here to visit their website.
Question: I received withholding payments, can I use your service to see if I am due a refund?
Answer: Withholding tax is deducted from payments to people who are not employees, but who work on a contract for service basis. You will need to file an Individual income tax return (IR3).
If you would like any assistance with the completion of your IR3 tax return, we have an association with Ingham Mora, a firm of chartered accountants, who will be able to assist you with the filing of your tax return. Please click here to visit their website
Question: I am a student at school and I work part time. Will I get a refund?
Answer: Children who are under the age of 15, or under the age of 19 and still at school may be eligible to receive a child tax rebate. It is quite likely that you will receive a tax refund, particularly if you are eligible for the child tax rebate which allows you to earn up to $2,340 (less interest & dividends) per year tax free.
Question: I have been on a working holiday in New Zealand and am about to return home. Will I be due a tax refund?
If you have only worked for part of a tax year it is quite likley that you will be due a tax refund.
For more information on urgent refunds, please click here.
Question: What happens if I owe Child Support to the Inland Revenue Department?
Answer: If you owe child support arrears we are unable to assist you. You will need to contact a local accountant in your area for further advice.
Question: What are your charges?
Answer: We charge a commission which is based on the amount of refund you receive. If you are not due a refund no fee will be charged. For more details on our commission structure please click here.
