The IRD are focusing on undeclared cash jobs in the construction industry. Are you aware of the outcome of not declaring this income?... It could lead to tax penalties and/or criminal convictions.
We see a lot of data files and have noticed that many of them have some or all of the following issues. Without wanting to bore you to tears with all the details, here are five of the most common mistakes people make. Do any (or all) of the following resonate with you?
No-one enjoys having to go back to research and correct mistakes (although they are a fact of life). It is easy to make errors when reporting GST even with the best intentions of getting it right. Our aim is to minimise the incidence of these situations by helping you get it right the first time (and give you more time for more enjoyable activities).