Business Basics

Starting your own business can be pretty exciting.

Being your own boss, working on the projects you want to, and being responsible for your own tax matters.

One of the first things to do, is choose a business structure that's right for you.

Then there’s how income tax works and if you have to pay provisional tax, how to calculate depreciation, whether you need to register for GST, record keeping and expenses.

Pages in this section

Sole trader structure Join us as we take a look at sole traders and how they do their taxes.
Company structure Join us as we take a look at companies and how they do their taxes.
Partnership structure Join us as we take a look at partnerships and how they do their taxes.
Income and provisional tax In this video, we explain how income tax works and when you have to pay provisional tax - a way of paying your income tax throughout the year.
Depreciation In this video we explain what depreciation is and how you calculate it.
Record keeping In this video we discuss how good record keeping can contribute to the success of your business.
Expenses of a sole trader and record keeping In this video we explain the difference between revenue and capital expenses as well as the difference between business and private expenses and what you can claim in your income tax return.
Registering for GST In this video we explain what GST is, how to register for GST, and how to send us confirmation of the GST you've received and paid.

Ngā pūtaketanga pakihi Business Basics

Business Basics