IRD announces they will be reviewing the hospo industry in 2020
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We have been contacted by IRD advising that this year they are specifically targeting the Hospitality industry and will be contacting clients in this industry and thanking them for keeping their books in order and also encouraging owners to put their records right if they’ve left anything off their past tax returns.
They have advised that they may also visit clients in the hospitality industry as they want to ensure that the business owners know they need to show transactions through electronic trading and mobile payment apps.
IRD know the signs that a business may not be following the rules and if business owners are under reporting sales, paying under-the-table wages, or under-paying GST they will find out. Just a reminder that it is breaking the law and IRD intend to prosecute.
We are reminding our clients that this is very serious and should you need to ask any questions or check on anything please get in contact with us as soon as possible so that we can assist. Should you have any acquaintances in the industry please feel free to let them know of IRD’s plan and should they need any assistance to please contact us.
It’s never too late to do the right thing.
For more information please click on the following link –
Should you require any assistance please do not hesitate to contact us.
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