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Daunting. Stressful. Time-consuming. What are we describing? Inland Revenue Investigations. When Inland Revenue investigate your tax affairs, they may choose to send you a “Risk Review” letter, or a notification of audit letter.
We commonly come across scenarios where workers are misclassified as independent contractors. What can be a simple exercise to get wrong can result in costly implications for a business.
If you’re in the construction industry, chances are you’re familiar with the retentions regime prescribed by the Construction Contracts Act 2002 (CCA).