How to handle IRD risk reviews and audits re undisclosed cash income

Owens Tax Advisors continues to deal with significant numbers of IRD reviews and audits of taxpayers who IRD allege haven’t returned all their cash income.

This is especially relevant if you or your clients are operating businesses in:

  • Hospitality
  • Trades
  • Otherwise having material cash transactions

IRD has multiple sources of income that lead them to review and audit high risk industries, especially those that handle a lot of cash.

In this article we summarise key issues and how to handle them.

Read on “How to handle IRD risk reviews and audits re undisclosed cash income”

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