Tool-boxIRD – Undeclared Cash Jobs in the Construction Industry

In December last year IRD advised us that our construction sector clients would be contacted regarding declaring cash jobs. We wanted to let you know that they will be contacting these customers again shortly about their upcoming GST and Income Tax Returns.

With Income Tax and GST Returns due soon, there are things you can do to help ensure you are getting it right:

  • Check your record keeping and ensure you’re using good practice.
  • Check whether you have cash jobs to be declared when you send your financial records.
  • We remind you that the consequences of not declaring income can include tax penalties, or criminal convictions – which could have a considerable impact on your business and personal circumstances.

We know that as tax agents we play an important role in helping clients meet their obligations – whether you’re in the construction sector or not – so please continue to assist us in helping you get it right.