Q & A
Q- How much do you charge to file GST return.
A- Every business has different requirement, so price varies but we generally we charge $150 per 2 monthly GST Return. We have also charged $80 and $120 for GST returns for smaller clients.
Q- What do you need from me to file my GST return.
A- If you are using a software (XERO or MYOB), please send us an invite.
If you are not using any software, then send us the bank statement of your business account in .csv format.
Q- What is the benefit of coding transaction.
A- Once all transactions are coded correctly (General Ledger) and updated regularly, various business activity reports can be easily prepared. Reports like monthly or yearly profit and loss, most profitable month, highest business expense, amount of unpaid invoices and many more... This helps monitor business performance regularly, compare past performance against budget and make future business decisions accordingly.
Q- I don't know how to use XERO or MYOB.
A- You don't have to do anything, we will do all entries in XERO / MYOB and maintain your business accounts.
Q- What is the benefit of software, when I already have an accountant?
A- You can login XERO/MYOB anytime and check your business profit and expenses. You can also check what is the position of your business and can also estimate your tax obligations.
Q- But how will I do that, as I don't know how to operate these software's.
A- We will give you a short tutorial when we set up your accounts.
Q- What software would you include XERO or MYOB in the subscription.
A- We will advise you the best option according to your business situation. We will also show you a demo on both MYOB and XERO.
Q- I purchased a small franchise 6 months ago, didn't hire any accountant yet. IRD has send me letter, can you help with that.
A- Sure, we can help sorting any IRD queries and your accounts, you might get some GST refund, please contact us .
Q- I am a sole trader, for last 2 months I didn't work at all. Do I still need to file GST.
A- Yes. once you are registered for GST, you are required to file GST returns. If you cease to trade, then you need to cancel the GST registration.
Q- I am a part time Uber driver, do I need to register for GST?
A- Like any other business in New Zealand, if your turnover from all sources of self employed income is 60,000 or more, you need to register for GST. Though Uber might deduct a different commission for GST and non-GST registered drivers.
Q- Can I Change GST Return Filing Frequency?
A- Yes, GST return filing frequency and accounting basis can be changed.
Q- I am overseas supplier, selling small value goods online to New Zealand consumers. Do I need to register.
A- From 1st December 2019, if your turnover from goods sold to New Zealand Consumer is $60,000 or expected to be 60,000 or more in next 12 months, then you are required to register for GST. We are Inland Revenue Department approved tax agents and can help you register for GST.