Every undeclared Cash Job leaves a trail
Most tradies are doing the right thing, but IRD are looking hard at tax crime in the construction industry.
Whether it's you or us your accountant that prepares your GST and income tax returns, 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. It could even lead to prison.
It's okay to do jobs for cash, as long as you record them and declare the income. Get it right by:
charging GST (if you're registered for it)
recording every job
registering your employees (if you have any), and
declaring every dollar.
If you've left some income off your previous returns, it's best to let us know now rather than wait for us to find out another way โ We can help you get back on track.
Don't think cash jobs really do leave a trail?
Message from Inland Revenue
