The income tax professionals can take the stress out of your business tax obligations. Let us take the burden of organising your business tax so you can get back to what you do best, running your business.
What are Income Tax and GST?
In any business, resources are spent at the expense of generating profit. Most of these expenses, if not all, are deducted from the income to arrive at its net profit, making up the taxable income. The tax you are legally obligated to pay on this type of income is what you call an Income Tax or Provisional Tax.
A Goods and Services Tax (GST) refers to the tax on most services and goods in New Zealand. Any GST-registered business can add GST into the price of their services and goods at a rate of 15%. You will be required to register if your annual turnover is more than $60,000.
How We Can Help
For most individuals, the Income Tax and GST rules and regulations are difficult to understand. Certain errors in the process can result in heavy and complicated penalties. We provide Income Tax and GST advice and assist with return preparation, making the whole process easier for you. We also handle Goods and Services Tax and Employer registration.
Upon your requirement, we can manage the whole process for you. We can update your financial records, calculate your tax obligations and send reminders on when returns are due.
Why Do I Have To File For an Income Tax and GST Return?
If you are involved in any type of business, it is mandatory to fulfil and send a business tax return to the Inland Revenue Department (IRD). For this, you have to account for the income tax on your profits, along with the expenses or deductions you may claim against your income. Likewise, you have to complete and submit GST returns within the due date.
Contact us For a Free Initial Meeting So We Can Discuss Your Requirements Today! 09 836 2068