Start smart. Start right.
Sole trader or company, GST or not, how much to put aside for tax: we help you set up properly so your first years don’t end with a tax bill you didn’t plan for.
- Fixed feeAgreed before we start
- 5.0 on GoogleFrom 33 five-star reviews
- Xero, MYOB or spreadsheetsWe work with what you use
Everything covered, nothing missed.
- Sole trader, partnership or company: which suits you
- Company registration with the Companies Office
- IRD and GST registration
- Xero or MYOB set up from the start
- A first-year tax plan, including how much to put aside
- ACC levies and provisional tax explained
What to send us
- Your business idea and expected income
- Details of anyone going into business with you
- Your IRD number
Good questions.
Should I be a sole trader or a company?
A sole trader is simpler and cheaper to run. A company separates your personal assets and gives more flexibility on tax as profits grow. We compare both for your situation.
Do I need to register for GST straight away?
Only if you expect turnover of more than $60,000 in the next 12 months. Some new businesses register by choice to claim GST on set-up costs.
Why do new businesses get a big tax bill in year two?
Most new businesses don’t pay provisional tax in their first year. In the second year the tax for year one falls due around the same time as the first provisional payments for year two. We plan for it so it isn’t a shock.
Ravin ShankarManaging DirectorFixed fee, agreed before we start
Tell us a little about your situation and we’ll email a fixed quote within one business day.
Anyone about to go out on their own, buy a business or turn a side income into a real one.
5.0 from 33 Google reviews
Every review is five stars. Clients mention clear answers, quick replies and work done on time.
Read reviewsOften done together.
Ready to make tax the easy part of your business?
Book a free 15-minute call with Ravin, or get a fixed quote in about a minute. Prefer the phone? Ring 09 215 2246, Monday to Friday.
RAKS Consulting LtdAccounting, sorted.