The food and beverage industry sustains New Zealand, and most business owners are doing the right thing. Keeping good books not only means you're complying with the law, it's also good for your business. Accurate bookkeeping makes it easier to see what's going on in your business, to get a loan, and to keep track of your tax records. It also means your business will be worth more if you decide to sell.
But if you're under-reporting sales, paying under-the-table wages, or under-paying GST, your books won't line up - and you'll be breaking the law. We know the signs of businesses that aren't following the rules, and we will prosecute.
You've worked hard to build a good reputation - keep it by meeting your tax obligations. We can help, and so can your tax agent.
If you've left anything off your tax returns, it's better to tell us now than wait for us to find out some other way.
By making a full voluntary disclosure you may avoid being prosecuted in court, or you could have your shortfall penalty reduced by up to 100%.
If you choose not to tell us, you might face late payment penalties, shortfall penalties and prosecution.
If you need help putting your tax returns right, your tax agent should be able to help.
If you'd prefer to talk it through with us, you can make an appointment with one of our local staff - we'll even come to you if you prefer.
You have an important role in keeping your industry fair for all. If you know someone who's not doing the right thing, you can let us know confidentially.