Did you know that right now in New Zealand the taxman, aka Inland Revenue, is clamping down hard on everyone? For the last five years they've been nicey nicey, and if you listened to the prime minister, condom-head Christopher Luxon, then you'd think the government was listening proactively, and taking actions that were sensitive to group needs and all the while fully embracing LGBTQ+ and the many diverse and inclusive whanau out there.
I tried to sound like Luxon just then, but he's actually a prize prick. Luxon looks like a timeshare salesman from the 1990's, and with the brain of a post office clerk. If he ever had an original idea, he'd die of fright.
So, what are Inland Revenue up to? Here's a quick rundown, but get in touch with your accountant if you think you are impacted, don't rely on my advice:
- Audits were up 55% in the last quarter of 2024 (compared to the corresponding quarter in 2023)
- New computer is looking for undeclared income; such as real estate transactions, crypto-coins, reward points with retailers - particularly spending at liquor stores, vape stores, hairdressers, and nail salons.
- Charities are in the spotlight once again, so watch out Brian Tamaki, the recent noises in your direction are not only designed to shut you down, but tax you as well. All those caring people looking to protect Trans story time hour, are actually working for the government.
- Fringe benefits and the treatment of shareholder accounts are coming under increased scrutiny.
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