by adria | Apr 11, 2025 | Blog
You’ll need to open a separate bank account to operate your business from. This will need to be an account that is used solely for business. Keep it separate from your personal accounts so that all your business income and expenses go in and out of it. If...
by adria | Apr 11, 2025 | Blog
You can register for PAYE at the same time as you register your business and register for GST. But this will depend on whether you are planning on employing staff. If you don’t have any plans to employ staff right at the beginning, then there is no point...
by adria | Apr 11, 2025 | Blog
Getting the “stuff” ready for your accountant at the end of the financial year can be stressful for some business owners. You can’t remember what they asked you for last year and you’d like to get it sorted so you know it’s under control sooner rather than...
by adria | Apr 11, 2025 | Blog
Paying Accident Compensation Corporation levies is unfortunately something a profitable small business owner is unlikely to be able to avoid paying. Levies can go up and down depending on the type of year you’ve had. And just like provisional tax, if you have a...
by adria | Apr 11, 2025 | Blog
If you are starting out in business and your turnover for 12 months is going to be above $60,000, then you will need to register for GST at the same time as you set your business up. By “turnover”, we are talking about your total sales that you charge your...
by adria | Apr 11, 2025 | Blog
What sort of entity should I be? Sole Trader, Partnership, Company or Trust? The type of entity you decide on will depend on your personal circumstances. Being a sole trader, means that you are the only person running the business and you will be personally...
