News and Media

Kiwi accounting software provider develops integration with IRD

28th November 2017

New Zealand accounting software provider CashManager has struck a deal to develop direct GST integration with the Inland Revenue.

Designed to make filing GST returns easier for businesses, the new service is available to both online and PC-based customers.

Click here to read the full article. 

Diana Clement: Paying tradies cash not okay

16th July 2017

Do you pay your tradies cash? You could be enabling tax evasion.

A good chunk of law-abiding Kiwis think the concept of cash jobs is fine, according to a Facebook discussion on the subject I followed. "It's personal choice," one wrote - even though those tradespeople may put that money in their pockets and not pay tax.

Logically, it's therefore personal choice if you want to mug someone in the street for their wallet or break into their homes and steal stuff. Receiving cash for work and not paying tax on it is a crime.

Click here to read the full article. 

IRD begins new 'cashie' crackdown campaign

18th October 2017 

Inland Revenue has launched a new advertising campaign warning tradespeople that cash jobs can be traced.

IRD, which uncovered $159m of unpaid tax from the cash jobs and the "hidden economy" last year, said that the message will appear online and around Auckland, Wellington and Christchurch in bus shelter ads and other outdoor advertising.

Click here for the full article. 

New tax law will force banks to provide Inland Revenue with tax data

1st July 2017

A new tax law coming into force today will require banks to provide Inland Revenue with tax information for certain customers.

The new law, aimed at reducing global tax evasion, meant banks and other financial institutions would need to identify accounts held by foreign tax residents. Deloitte Dunedin tax partner Phil Stevenson told the Otago Daily Times for most people, the announcement would be boring, but there were some relevant points. 

Click here to read the full article.

 

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