Calling Trade Me “In Trade” Badge Traders
With the new Trade Me “in trade” badge coming into effect for sellers on 17 June 2014 – it will become very easy for IRD to identify which traders are “in business”. These people are required by IRD to keep proper records and prepare business accounts and file income tax and possibly GST returns.
If unsure about this or not already set up we highly recommend discussing how best to go forward with an accountant ASAP. We’re more than happy to advise, talking with us is always free.