The Inland Revenue has released details of its compliance focus for 2010-11. The document identifies the compliance focus for individuals, non-profit groups, small to medium enterprises, employers and other taxpayer groups. You should be aware of IRD’s compliance to determine whether you could be subject to closer scrutiny of your tax affairs.

When someone searches your organisation’s financial statements, what do they get to see?

We sometimes see confusion over the treatment of benefits and whether they are subject to FBT or PAYE.

We noticed a common omission from the year end financial statements for the year ended 31 December 2009.