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  • IRD: Declare it of Risk everything

    16 March at 07:26 from atlas

    You might've seen or heard about undeclared cash jobs in the news recently.

    Whether it's you or your tax agent that prepares your GST and income tax returns, please make sure all your income is declared. If you don't declare cash jobs you can be hit with tax penalties and a criminal conviction that could affect your ability to contract for work, or may lead to prison.

    It's okay to do jobs for cash, as long as you record them and declare the income.

    So do the right thing in your GST and income tax returns. Make sure:

    if you're registered for GST, you charge it

    you record every job, no matter how big or small, paid by cash or not

    you declare all your income.

    And if you've left some income off previous returns, it's best to let us know now rather than wait for us to find out another way - we've got ways to help you get back on track.

 

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