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Undeclared Cash Jobs - It's tax crime

April 26, 2017

You might've seen or heard the recent IRD advertising about undeclared cash jobs.

“Whether it's you or your tax agent that prepares your GST and income tax returns, please 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, or may lead to prison.

It's okay to do jobs for cash, as long as you record them and declare the income. So do the right thing in your GST and income tax returns. Make sure:

  • you record every job, no matter how big or small, paid by cash or not
  • if you're registered for GST, you charge it
  • you declare all your income.

And if you've left some income off previous returns, it's best to let us know now rather than wait for us to find out another way - we've got ways to help you get back on track”

If you have any concerns about Cash Jobs - please contact us and talk to your accountant

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