When setting up a business you need to consider the structure you'll use to run it so that you pay the correct amount of tax and claim the business expenses and deductions you are entitled to. Find out about the recordkeeping you'll need to do and if you'll need to register as an employer or for GST. You can also find out about the tax issues in the sale and purchase of a business.
The Tool for business helps you get all your small business tax issues sorted quickly and simply.
Identifies some important criteria for determining whether someone is in business.
Going in to business for yourself? There is an easy way to get up to speed fast. Sit back, relax and watch our five "Introduction to business" videos. We’ve covered the essentials including: Business structures, Income and provisional tax, Expenses, Depreciation and Registering for GST.
Explains basic requirements and liabilities for operating your business as a sole trader, a partnership, or a company.
Find out about the common tax issues of a business purchase.
When setting up your business you may need to apply for an IRD number for your business. You may also need to register as an employer for goods and services tax (GST) or fringe benefit tax (FBT).
Learn about the records you need to keep while running your business, the importance of budgeting for tax payments and your balance date.
Some sources of business advice and the areas they advise on.