We offer a Xero-based monthly accounting service which includes your end-of-year tax returns and your Companies Office returns for one low monthly fee through our sister company iccountant.co.nz. 

How much should I put aside for tax?
Generally speaking you should put aside 25-30% of your net income (net income is income minus cost of sales and expenses).  This will generally give you money to pay your tax plus some aside for ACC invoices and a little bit extra for unexpected things.

Should I register for GST?
There are advantages and disadvantages.  Being GST registered means you can claim back the GST portion of all business-related purchases.  A disadvantage is increased paperwork, as you will have to file GST returns.  GST registration is obligatory if the business is turning over more than $60,000 per anum.

How do I register for GST?
This can be done online at www.ird.govt.nz or by phone.  EpsomTax.com Ltd are happy to help you if you need assistance.

Should I form a company?
You don't have to - you can run your business as a sole trader or partnership.  However, this also means that you are personally liable for all the costs and also if anything goes wrong.  Forming a limited liability company does just that - it limits your liability to the money you have put into the company.  You can form a company online at www.companies.govt.nz or contact us for help.

Do I need separate bank accounts for my business?
We recommend it.  If you are being paid by cheque in the name of your business, you will need to either change the name of your existing account or open one in that name.

GST Calculators
Please click here to work out GST content (when GST is 15%)
Please click here to work out the original price when you only have the GST content

I've got LOTS of other questions!

How to pay less: ACC Workplace Safety Discounts.  ACC Workplace Safety Discounts are a great way to save 10% off the work levy for small businesses that can show sound health and safety practices.

Currently the programme is available in the agriculture, construction, fishing, forestry, motor trades, road transport and waste industries.  Click here for more information.

The Department of Labour (DOL) has some great resources for NZ businesses, including:
Hazard Identification
Hazard Notice
Workplace Accident Register
Workplace First Aid Needs Assessment Checklist

... and much more.  Click here to visit the DOL Health and Safety site.

The official website of the Inland Revenue Department is full of useful information.

Create your own personalised tax calendar
Find out if IRD owes you money
File your GST online
Tax for non-residents

and much more!

www.ird.govt.nz

The New Zealand Companies Office website has a wealth of information.  Here you can

Search for directors
Form a company
File your company return online
Search other entities

and more. 
Just click
the logo!