Accounting for Consultants and Contractors
As a contractor or consultant, you are your business. You’re not an employee, so you are responsible for your own expenses and income tax.
Whether you’re a medical professional, a lawyer, an IT consultant, or another type of contractor or consultant, these are some of the questions we can help you answer:
- Should I operate as a company or as a sole trader?
- Do I need to be GST registered?
- What expenses can I claim?
- How do I invoice my clients?
- How much money do I need to put aside each month to pay income tax and GST?
While you focus on your work, we can:
- Help you understand what expenses you can claim, such as home office and business vehicle usage
- Liaise with the IRD on your behalf to manage your tax obligations
- Prepare your annual financial statements and income tax return
- Prepare and file your GST returns
- Set you up with Xero and provide Xero training and support
- Manage your company administration (set up new companies, provide a registered office, keep statutory records, prepare company minutes and file annual returns)