Ngā pūkete o ngā moni whiwhi me ngā whakapaunga Records of income and expenses

You must keep records of all cash and electronic sales and purchases for 7 years.

What tax records are

A tax record includes any information or document about sales, income, and expenses, assets and liabilities.

Records can be paper-based or you can use a bookkeeping software package. We will accept paper records and electronic records, or a combination of both.

Records make it easier to:

• work out your income and expenses
• work out your GST if you’re GST registered
• meet your employer obligations if you have staff
• confirm your accounts.

Examples of records include:

• taxable supply information
• supply correction information
• bank statements
• invoices and receipts
• credit card records – including statements and vouchers
• cash register or point of sale records
• cashbooks.