What our clients say
Case studies
Complex rural organisation
A strategic tax review for a large rural company identified tax savings of almost $3m. The revised positions were recorded in a notice of proposed adjustment, and all of these achieved either complete or partial success.
Major hospitality entity
A strategic review for a hospitality company identified $600k of savings resulting from understanding the business and using this to identify provisions that had previously been added back as not incurred, but which were actually incurred and therefore deductible.
Binding ruling - Inland Revenue
Successful negotiation of a binding ruling on a retrospective
transaction for a client resulting in $3m of interest payments being
deductible rather than non-deductible as initially asserted by Inland Revenue. In this instance, a contract had been entered into arranging a hybrid financial arrangement without tax advice.
The contract did not fit in with any of the financial determinations, so on the face of it, the annual coupon expenditure was capital and nondeductible (the addition of one extra term would have allowed deductibility up front showing the importance of a tax review of contracts before signing). After 15 months of negotiating with Inland Revenue, they agreed that the coupon payments should be treated as deductible and issued a private binding ruling stating this.
Large corporate entities
By working with teams in two large corporate clients, we reduced their tax compliance costs by circa 80% through seamlessly integrating the client’s processes with those of the external advisors. By reducing annual compliance costs, the clients were able to apply their tax budgets to more value adding strategic tax areas such as pre-contract signing reviews and regular scheduled risk reviews of other tax types. The reduction was achieved by working with the client to reduce duplication of effort through dividing the workflow between the client team and Don’s team in the most efficient manner.