2007 media releases

Inland Revenue simplifies tax with Business Is Booming
26 July 2007

Inland Revenue is backing Business is Booming, which returns to New Zealand's television screens this week.

Aimed at  small and medium-sized businesses,  the 12-week series gives tips and guidance to entrepreneurs on everything from tax management to energy conservation.

A highlight of the Business is Booming tax segments will be a focus on KiwiSaver. The programme gives a step-by-step guide to small business owners and managers, in layman's terms, about what they need to do to introduce KiwiSaver into their businesses.The KiwiSaver segments are on August 4, August 11 and September 15.

Other tax topics include changes in the way small businesses can account for GST and provisional tax, setting up a home office, and a look at on-line services.

"Business Is Booming is a valuable chance to get information out to small and medium businesses - the backbone of New Zealand's economy," said Charles Ronaldson, Inland Revenue's Group Manager Customer Insight. "If we want people to meet their tax obligations voluntarily, we must make it easy to get right and hard to get wrong. This is great way of explaining complicated tax issues in easy-to-understand language".

"Research shows new businesses have the most chance of failure in the first two years. Making sure people know what's required, and how to manage their commitments and cash flow, is one way Inland Revenue can help.  "We want to support New Zealand businesses,'' said Mr Ronaldson.

This year, the New Zealand Institute of Chartered Accountants is offering viewers free accountancy services totalling $300,000. Each week, viewers will be asked to answer a simple question and register to be in to win one of 100 packages of $3,000 worth of accountancy services.

The series will screen on TV One from 28 July on Saturday mornings at 8.00am. Episodes will also be available on www.tvnzondemand.com

Inland Revenue is one of six organisations supporting the series, now into its second year.

For more information:

Adrienne Perry

Senior Media Advisor

04 890 1698

029 890 1698

Other media releases this year

• Draft guidelines released for new R&D tax credit
• Man extradited from Australia to face tax charges
• Working for Families Tax Credits to be made early
• Inland Revenue alerts tax professionals
• 'Money man' behind major tax scam jailed
• Third conviction in Rawleigh tax evasion case
• Samoan chief receives two years' home detention
• Early working for families tax credits scheduled
• Cash businesses are in the spotlight
• Inland Revenue transfers first KiwiSaver funds to scheme providers
• Late filers advised to contact Inland Revenue
• Wellington Inland Revenue staff to centralise
• Christchurch businessman fined $20,000 on tax charges
• Hamilton JP jailed for two years for $1.1 million tax evasion
• Businessman pleads guilty to $1.3 million in tax charges
• Jail term extended for Tauranga tax evader
• Inland Revenue offers Language Line
• Inland Revenue wins prestigious IT award
• Inland Revenue reassures people affected by weather
• Customers urged to contact Inland Revenue
• Inland Revenue issues GST statement on unconditional property sale agreements
• KiwiSaver information readily available from Inland Revenue
• Scott Anderson bankrupted for unpaid debt of $13 million
• Inland Revenue welcomes 'Trinity' court ruling
• Christchurch tourism operators' concern leads to community service for tax evader
• Inland Revenue welcomes prison sentence for GST fraud
• Levin man sent to jail over $45,000 in GST fraud
• Businessman who "undercut the opposition" jailed for tax fraud
• Accountant's low profits prompted tax audit
• "Not a lot" of effort to pay taxes results in jail term for tax evasion
• Tiler in court for keeping staff tax payments
• Northland flood victims should call if having problems with tax payments
• Tax agent fined $10,000 for refusing to cooperate with Inland Revenue
• Early Working for Families Tax Credits payments
• Nelson man in court for not passing on employees' tax payments
• Tax season underway
• Businesses foolish to try to suppress details of income
• Dairy owner in court for cheating on taxes over seven years
• Two years' prison for 146 tax offences
• Refusing to cooperate with Inland Revenue lands couple in court
• Prison sentence upholds integrity of tax system, says Inland Revenue
• Early family assistance payments
• Tax payments due on 7 February

more media releases ›

Corporate Communications
Inland Revenue

For all media enquiries phone: 04 890 1698

For general communications enquiries
Phone: (04) 890 1936
Email: corpcomm@ird.govt.nz
Fax: (04) 498 5809

P O Box 2198
12-22 Hawkestone Street
Wellington
New Zealand

Date published: 27 Jul 2007

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