Inland Revenue has announced that they will be taking a deeper look into the business activities of real estate agents. Because of this, we recommend that you check:
- Your vehicle logbook is up to date
- You’re calculating your GST correctly
- That you are keeping all receipts
- Your records of clients you have entertained and which property the expense relates to
If you think you may be at risk, call us to enquire about our Audit Shield service so we can book in a time to work through it with you.