CONTRACTORS | CONSULTANTS | FREELANCERS
CONTRACTOR ACCOUNTING & TAX
Affordable fixed fee plans with unlimited general advice
20+ Years Experience
Fixed Fees
Chartered Accountants
Fixed fee contractor accounting & tax
As a contractor or consultant, sometimes accounting and taxes can seem daunting. We are here to make accounting and taxes a breeze for you.
At MTG accounting we have created contractor accounting plans with professionals, consultants, contractors and locums in mind.
Whether you have just signed your first contract or you are a seasoned contractor, our value-for-money plans will take away your tax worries.
We've got your contractor accounting covered
Start-up Guidance
Guidance on how to properly set up of your business
Contractor Accounting (Guidance)
- What structure is best suited to your situation
- Whether you need to register as a company or not
- Whether you need to register for GST or not
- What basis should you register for GST on
- What the pros and cons of each GST registration periods on offer
- How to create tax law compliant business invoices
- How to correctly calculate withholding / schedular tax on your invoices
- Do you need to have professional indemnity insurance in your industry
- Do you need an accounting system like Xero or not
- How best to record your accounting and tax information
- How and what accounting records to keep and for how long
GST + Other Returns
Preparation and filing of GST to ensure compliance with the IRD
Contractor Accounting (GST Returns)
- Prepare and File GST Returns on your behalf to the IRD.
- Calculate your GST accurately so you are maximising the tax benefit.
- Whether you need to register for GST or not
- What basis should you register for GST on
- What the pros and cons of each GST registration periods on offer
- Provide guidance on a comprehensive list of claimable expenses (dependent on your industry) that you need to be aware of and keep details of
- Give guidance on specific GST issues such as charging GST on overseas goods and services.
- Give guidance and provide GST compliant invoices / invoice templates.
Income Tax Returns
Calculation and filing of income tax returns to maximise tax benefits
Contractor Accounting (Income Tax Returns)
- Prepare and File Income Tax Returns on your behalf
- Advise you of your tax obligations and tax due dates
- Explain how provisional and terminal tax works
- Reminders on Provisional Tax and Terminal Tax due dates and amounts
- Workout what percentage to save for GST and Income Tax so there is no or minimal shortfall at the end of the financial year and to avoid IRD penalties and interest
- Workout your student loan and Kiwisaver obligations
- Explain how owners' drawings works and how to best structure it to suit your situation
- Ensure that everything is filed on time so you avoid costly and unnecessary IRD penalties and interest.
Financial Statements
Preparation of financial statements in accordance with NZ tax law
Contractor Accounting (Financial Statements)
- Prepare financial statements in accordance with NZ Tax Law and Financial Reporting Standards
- Create directors, shareholders and trustees resolutions.
- Create company office minutes / resolutions
- Prepare management accounts as required
- Prepare financials for interested parties such as Banks, Insurance Providers, ACC and prospective buyers.
Kiwisaver | ACC
Overview and set up of Kiwisaver, student loan and ACC
Contractor Accounting (Kiwisaver | Student Loan | ACC)
- Assistance with setting up or continuing your kiwisaver when you become a contractor.
- Advising on how ACC works and evaluating options on the best ACC cover for you.
- Giving you an overview on how Student Loan works as a contractor and your repayment obligations.
Included in your plan
Tax Strategies
Tax strategies and advice to ensure effective tax outcomes
Tax Payment Reminders
Tax payments reminders to avoid penalties and interest
General Advice
General advice on any queries around business accounting and taxes
Which plan suits you best?
CONTRACTOR LITE
Non GST Regsitered
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Set Up & Guidance
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Accounting
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Annual Financial Statements
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Income Tax Return
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Tax Minimisation Strategies
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Tax Payment Reminders
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Unlimited Support & Advice
CONTRACTOR PLUS
Revenue < $200K per annum
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Set Up & Guidance
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Accounting
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GST Returns
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Annual Financial Statements
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Income Tax Return
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Tax Minimisation Strategies
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Tax Payment Reminders
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Unlimited Support & Advice
CONTRACTOR PREMIUM
Revenue > $200K per annum
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Set Up & Guidance
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Accounting
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GST Returns
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Annual Financial Statements
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Income Tax Return
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Tax Minimisation Strategies
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Tax Payment Reminders
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Unlimited Support & Advice
* Trading as a company? Simply add $15+GST per month to our plans
Why Clients Choose Us.
Fixed Fees
Our fees are competitive and disclosed to you up front. Knowing what it will cost gives our clients peace of mind.
Catering For All
No one is too small or too big. We will build a lasting relationship and be by your side through your financial journey.
Online or Face To Face - Your Choice
We can do everything online but happy to meet in person if that's your preference.
Tell us a little about yourself and we'll give you a call
