If you're in the hospitality industry, you could be in for a visit from the taxman as part of their focus on the hidden economy.
The IRD is looking at targeting the hospitality and food industry to identify undeclared income and address the high number of overdue returns and payments.
We've already seen the department doing high-profile work with tradespeople.
While the IRD has some useful information on its website and recommends having good systems in place, there is one suggestion that made me cringe, that a simple spreadsheet can work just as well as a software package to manage tax obligations.
I'd have to disagree with that notion — put the time and effort into getting some software and train or pay someone to look at your systems, because the onus is on you to prove without doubt your income and expenses are correct.