. . . . a statement that is very common in the Construction Industry.
In an IRD survey of around 500 tradespeople, a quarter said under-the-table jobs were common in the building and construction industry and that three out of six tradesman contacted for a quote provided a cash price, without being asked.
If you're in business, read on. The chance of an IRD audit is higher than you think.
There is no doubt in our mind that the IRD are devoting unprecedented levels of resourcing into ramping up their audit activity, particularly in relation to the cash economy. Other key areas of focus include travel, vehicles, and repairs and maintenance. We're also seeing a new interest in areas that have previously been ignored by the Department.
The Inland Revenue Department (IRD) has sent out a media release advising they have been receiving reports of a phishing scam from a significant number of their customers from around New Zealand. We know of at least three of our clients that have been targeted.
Scam phone calls are being made to both mobile and landlines, and a voicemail being left if the phone call is not answered.
The caller advises they are from the IRD and report to the customer one of several scenarios designed to alarm the customer into returning the phone call and making payment to the IRD as soon as possible. Some calls threaten serious repercussions, such as arrest, if payment is not made to the IRD within 30 minutes.