As we move into February, there are some key updates and opportunities to keep on your radar. First up, IRD educational visits - the tax department has been conducting walk-up visits in certain industries to check compliance.
We’re also preparing for the 2025 Fiji Business Retreat, where you can step away from day-to-day operations, refine your business strategy, and enjoy a tax-deductible trip to paradise. If you’re interested in joining us, be sure to register your interest soon - spaces are limited!
With the end of the financial year approaching, now is the perfect time to get organised for tax season. We’ve included some simple steps to help you stay on track. Plus, we’re featuring another insight from our 13 Tactics for Winners series - this month’s focus is on self-belief and how confidence shapes your success.
Take a few minutes to read through these updates, and as always, we’re here to support you with expert advice.
2025 Fiji Business Retreat with dc&a
Take a strategic pause from the daily business grind - and have it paid by your business as a tax deductible expense.
This winter, escape to beautiful Fiji for 4-5 days of business transformation. Fine-tune your business strategy in morning sessions, then sip cocktails by the resort pool in the afternoon. Our expert team will share proven strategies for business growth, profitability, and efficiency through group workshops and one-on-one consultations.
We're also keen to hear what specific challenges you'd like to tackle - your input will help us tailor the program to address the real issues facing your business today.
Limited spots available to ensure personalised attention for every business owner.
Interested in joining us? Complete our quick expression of interest form here:
Summary of Recent Updates
IRD Educational Visits
The IRD has been conducting walk-up ‘educational visits’ in specific business industry sectors to ensure tax compliance and identify potential discrepancies. These surprise ‘educational visits’ target high-risk industries where cash transactions are common, aiming to detect underreporting and improve overall compliance.
Just a little reminder to have all your paperwork in order in case you receive one of their educational visits.
Get Organised for Year-End Tax Time
With the end of the financial year just around the corner, now’s a great time to get your business finances in order. Here are some tips to help you get prepared:
1 Review Your Records: Gather and organise all your receipts and invoices. If you haven’t already, consider scanning or digitising paper records - it’ll make things much easier down the line.
2 Reconcile Your Accounts: Double-check that your accounts match your bank statements. A quick reconciliation now can help spot any discrepancies before tax time.
3 Prepare for Tax Obligations: Review your tax obligations and payment deadlines so you’re not caught off guard when it’s time to pay.
A little organisation now goes a long way in making tax season smoother and ensuring you maximise your deductions!
13 Tactics for Winners: A Tip to Succeed
We’ve created a guide called “13 Tactics for Winners” to help you succeed in business and life. It’s packed with practical advice on setting goals, staying motivated, and overcoming challenges.
This month, we’re highlighting one tactic from the guide to get you started:
This Month's Tactic: Believe in Yourself
Success requires confidence. As Henry Ford wisely noted, "Whether you think you can or you think you can't, you're right!" Your self-belief shapes not just your actions, but how others perceive your products and services.
Ask yourself:
Do you truly believe in what you're offering?
Does your team share your confidence?
We'll share another tactic next month to keep you inspired. If you'd like to explore all 13 tactics now, you can download the full guide below.
2024 Annual Accounts
If you haven’t already sent us your information to complete your 31st March 2024 accounts and tax returns, please note that filing due date is fast approaching. We kindly ask you to complete your annual checklist as soon as possible. If you’re unsure about what information is needed, feel free to reach out - we’re here to help!
Follow Us on Facebook
Stay informed with the latest tax updates by liking and following us on Facebook. We regularly share Tax FAQs to help you understand tax and accounting information, and we provide reminders for important due dates.
Join our community today!
Important Upcoming Dates:
28th February
GST return and payment is due for the taxable period ending 31 January
28th March
GST return and payment is due for the taxable period ending 31 February
31st March
End of Financial Year
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