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Tax debt is increasing for businesses around the country. Now is the time to make sure your business is on top of things...
Economic uncertainty and the cost-of-living crisis have meant businesses across New Zealand have been doing it tough in recent times.
Inland Revenue says that around two thirds of all tax debt is owed by small business, sole traders and contractors.
As at June 2025 $3.3b was owing for GST – which is 15% higher than June 2024 whilst $2.0b was owing in Employer taxes which is 34% higher than in June 2024.
A significant portion of this is PAYE and GST, which should simply be passed on to Inland Revenue, so more work is being done now to get that money collected.
Inland Revenue has also significantly increased its investigations and auditing, focusing on those actively trying to avoid their taxes. These actions are sometimes prompted by tip-offs from various sources.
If you or your business are facing challenges with tax debt, it’s important to reach out to Inland Revenue early. Addressing the issue promptly can help you avoid further penalties and interest.
There are a range of options to help:
Inland Revenue has published easy to understand advice to help you get it right -https://www.ird.govt.nz/pages/campaigns/get-it-right
If you are newly in business check out Inland Revenues Free Business Seminars – available In-person and online across the country. Topics include: an Introduction to Business, GST, and Employers. You can book into a seminar on their website. https://www.ird.govt.nz
You can use your myIR account to make a payment by selecting the ‘Make a payment’ link for each overdue tax type, or go to https://www.ird.govt.nz/managing-my-tax/make-a-payment
And you can set up an instalment arrangement if you’re unable to pay the full amount: https://www.ird.govt.nz/managing-my-tax/make-a-payment/ways-of-paying/instalment-arrangements. You can also use myIR for this.
If you need to talk with Inland Revenue about your overdue returns or debt you can contact them by sending a message in MyIR or call on 0800 587 244.

Waikato shoppers had the tills ringing to the tune of $343 million in November, nearly four per cent higher than last year.
3.8% above the year earlier figure, according to data from card spending bean counters Worldline NZ.
According data from card spending agency Worldline NZ, Waikato’s 3.8 per cent increase made it one of only three of 18 locations that saw rises in spending. Others were West Coast up 6.3% to $32 million, 5.4% in Whanganui to $55 million and a 5% climb in Otago to $254 million.
The Waikato year-on-year rise also outstripped the nationwide figure of 1.1% to $4.1 billion.
When it comes to total November card spending, only three locations saw more money change hands than Waikato; Auckland/Northland at $1.5 billion, Canterbury at $502 million and Wellington - just - at $344 million.

Corporate Sponsorship Package We have a unique opportunity to partner with us and promote your business directly to our customer base. The partnership will boost your brand, logo and products as well as showing your support for the arts right in the heart of the inner city. This is a unique opportunity to gain a presence in a very special inner-city space with ALWAYS ON marketing activity. For more information contact ross@cathaycinemas.co.nz
Inner City Workers Special Lido Cinema Hamilton has an exciting offer for all inner-city workers looking for after work activities. We have a great after work offer at a fantastic price that your company's staff can access. For more information again please contact ross@cathaycinemas.co.nz for more information.

It’s part of a project to spruce up the central city, which the council says “needs some love”.
New street furniture is also popping up along the main street, and further work will include lighting, a clean for pavers and tables, and getting rid of dead trees, Hamilton City Council says.
The Hood St light poles need repairs to keep them going, Operate and Maintain unit director Tania Hermann said in a statement.
“We are sanding and painting the poles which we expect to extend their life by 20 years and which is a more affordable option than full replacement.”