BNZ
Xero Login

Disadvantages

IRD application forms

GST returns and payments due for taxable period ending May

 

- Provisional tax instalments due for people who have a March balance date
- GST returns and payments due for the taxable period ending July

- GST returns and payments due for the taxable period ending September

- Provisional tax instalments due for people who have a March balance date
- GST returns and payments due for the taxable period ending November

- End-of-year bill to pay for income tax, or Working for Families Tax Credits

- GST returns and payments due for the taxable period ending January

- End-of-year bill to pay for income tax, or Working for Families Tax Credits

- Provisional tax instalments due for people who have a March balance date
- GST returns and payments due for the taxable period ending March


Guides

  • Higher compliance costs due to complexity to establish and operate a company.
  • Lenders to small companies usually require personal guarantees.

Trading Trust

Choosing the right business structure

Employment / PAYE forms

Working for families


You have been working hard to earn your family living. You deserve all the good things including financial support to help raise your children. Click this link to find out what Working for families tax credits are and if you're eligible.

ANZ, Kiwibank

& Westpac

> Pay & transfer

> Pay tax

> Select tax type

> Enter

   - IRD number

   - Tax period

   - Amount

   - Payment date

> Make payment


Cancer Society of New Zealand

We Support

IRD
Waikato Regional Council
Waipa District Council
ANZ (NZ)

    On This Page


  • Forms and guides
  • Key tax dates
  • How to pay tax through internet banking
  • How to choose the right business structure

1.   Log into(onto) your internet banking.
2.   Select the account you want to export/download.
3.   You’ll need to go to a “view statements” or “view transaction history” or

      similar tab and click on it.
4.   Insert date range.
5.   You’ll be asked to either “Export” (ASB, ANZ, Kiwibank) or “Download”

      (Westpac) a file.
6.   Make sure in all cases you select a “QIF” or “QIF for Xero” option.
7.   Click “Export” or “Download now” to save and the file will be saved to

      wherever your computer usually saves files.
8.   Do NOT open the file as you can corrupt it.
9.   Now go into your email and set up a new mail and attach the files.
10. Send the email to us and you are all done.

Income tax returns

  • Simple and easy to start.
  • Suit professionals operate out of a shared office.
  • Partnership losses may be deductible against the partners' other income.

Company

Chartered Accountants Australia + NZ
ASB

Other tax returns

ASB

​​> Payments

> IRD payments 

> Select tax type

> Enter
   - IRD number
   - Tax period
   - Amount
   - Payment date
> Make payment



28 Jun


28 Aug



28 Oct


15 Jan



7 Feb


28 Feb


7 Apr


7 May​


Key Tax Dates 2018~2019

  • Trust structures are not well understood by lenders hence can make borrowing difficult.
  • Operating trusts in compliance with trust law can be onerous.
  • The flat trustee tax rate on retained income may result in a higher tax liability.

​​Useful Links

NZ Companies Office
St John New Zealand
Hamilton City Council
World Vision NZ
  • Costs are low.
  • It’s easy to run.
  • You retain control of your work and profits.

​​​​Employment agreements


Employee agreements covers what employers must do by law, and sets out common mistakes made by employers and how to avoid them. If you decided to create DIY employment agreements, you may find this Employment Agreement Builder useful.

Call us: + 64 (7) 838 3211     Mobile: + 64 (22) 526 7788     WeChat: blessed_abacus     Email: andrew@balca.co.nz

21 Galloway Street, Hamilton East, Hamilton 3216, NZ

Blessed Abacus Ltd

Chartered Accountants

know your business

How to export QIF format bank transaction files for Xero

Forms and Guides

  • Partners can be liable for debts incurred by other partners.
  • It can put partners’ personal assets at risk.
  • Complications may arise if one partner wants to quit or dies.

Sole

Trader

Advantages

  • A trust structure can provide for greater flexibility to distribute profits and capital gains among the family members, which can result in a lower tax liability.
  • You’re responsible for all debts.
  • It’s harder to get loans and investments.
  • It’s harder to sell your business.

How to pay tax through internet banking

Residential property: tax obligations


If you rent whole or part of a residential property, you may have to declare the rental income you earn. Depending on whether you made a profit or a loss, the net rental income earned will be either added to or deducted from your other income.​

Kiwibank
Waikato District Council
Westpac (NZ)

Connect with Us

  • Shareholders' liabilities are limited.
  • Company structures are easy to understand.
  • Ability to retain earnings in a company can result in a lower tax liability.

Partnership

​​BNZ

> Pay or transfer

> In the payee box,

   select tax type (or     enter keyword

   “IRD” and search

   for a tax type) 

> Enter IRD #, tax

   period, amount &

   payment date

> Make payment