Tradies need to pay tax on income they earn.
Accurately recording your income and expenses, keeping on top of your income tax returns and paying your income tax is important. If you have outstanding returns or debt owing, take a load off and get on to them now.
If you’re self-employed or a sole trader
Individual income tax return – IR3
Complete my individual income tax return – IR3
If you’re running a construction business
Income tax for businesses and organisations
Companies income tax return – IR4
If you’re in partnership with another tradie
Partnerships and look-through companies income tax return – IR7
If you’re operating under a Trust
File a Trust or estate income tax return – IR6
Additional reporting requirements for NZ domestic trusts
Have any debt owing?
Don’t dig yourself a hole. Pay now before further penalties and interest apply.
Apply for an instalment arrangement
Provisional tax
Provisional tax means paying your income tax in instalments, not in a lump sum at the end of the year. We’ll ask you to pay provisional tax if last year's tax bill was more than $5,000.
Once your turnover is $60,000 a year or more you need to charge 15% GST on your sales and income and pay it to us. You can claim GST back on your purchases and expenses. Have outstanding GST returns or debt? Don’t paint over the cracks – get your GST sorted now.
If you’re running a construction business and employing tradies you need to keep on top of your employer obligations. This includes making deductions from employees' pay and sending the information to us – otherwise known as payday filing. Deductions can includes PAYE, KiwiSaver, student loan and child support.
Deductions from salary and wages
Payday filing Employers guide - IR335
Schedular payments
Schedular payments are payments made to independent contractors, with withholding tax deducted. The hiring organisation deducts the withholding tax and pays it to us on behalf of the contractor.
Requesting a business advisory visit or seminar
We're here to help.
Whether you're already in business or considering setting up a business, you can make an appointment to see us. At the appointment we'll cover topics like income tax, GST and employer obligations.
We also run group seminars, usually at our offices.
