$14,852.50 Tax Refund Approved! 💸

Received the IRD letter today

My team recently filed tax returns for a husband-and-wife business partnership who are our clients.

And today they received a combined tax refund of $14,852.50.

In this case, the refund was approved without any additional review by the IRD.

💡 How did this happen?

→ By filing their partnership tax return, their business losses flowed through to their personal income.
→ Typically, losses and tax refund claims can trigger an IRD review or a request for more information.
→ In this case, everything was approved immediately!
→ This provided a much-needed instant cashflow boost for the business as they are in a growth phase.

I’m thrilled for them!

I wanted to share this because:

✅ It’s a great reminder of the importance of structuring your tax correctly to maximize benefits.
✅ For example, if this was a company, the losses could only be carried forward and would not result in a refund.
✅ And, of course, the value of filing through an accountant. 😉

Note: This was a retail trading client, not a property-related case.

Disclaimer: Individual circumstances can vary. For specific advice tailored to your situation, please consult a professional.

👉 Curious if you could be missing out on tax savings?
DM me to schedule a consultation.

You can also book through this link:
https://lnkd.in/gvV4tWUK