Question 1

What does small business and sole trader accounting include in New Zealand?

Accepted Answer

It can include bookkeeping, bank reconciliation, GST returns, annual accounts, individual or company tax returns and regular reporting. We shape the work around your records, structure and the decisions you need to make.

Question 2

Can a small business or sole trader accountant work with me remotely?

Accepted Answer

Yes. Tāmaki Advisory supports businesses across Aotearoa New Zealand through online meetings, cloud accounting and clear digital workflows.

Question 3

What records do I need to start accounting support?

Accepted Answer

Usually we need your accounting file, bank and credit-card statements, sales and purchase records, GST and payroll information, asset and loan details, and prior returns. Sole traders should also keep a clear basis for business-use claims. Keep business records for at least 7 years; we provide a checklist and identify gaps.

Question 4

Should I operate as a sole trader or a company in New Zealand?

Accepted Answer

The right structure depends on risk, expected income, ownership, administration and your plans for the business. We can compare the practical accounting and tax consequences, but the decision should be made for your circumstances rather than a fixed income rule.

Question 5

How often should a small business update its accounts?

Accepted Answer

Monthly bookkeeping is a useful baseline for many businesses. A more frequent rhythm can help when transaction volume is high, cash is tight or you need current information to make decisions.

Question 6

When does a small business need to register for GST?

Accepted Answer

You generally need to register when taxable turnover was or is expected to reach $60,000 in any 12-month period, or when you add GST to your prices. We can help assess the facts and set up the process.

Question 7

How does provisional tax affect a sole trader or small company?

Accepted Answer

Provisional tax is income tax paid in instalments when the relevant residual-tax rules apply. The amount and dates depend on your prior return, accounting period and payment method, so we confirm the position in myIR and plan for the cash requirement.

Question 8

How should I pay myself from a small business?

Accepted Answer

The answer depends on whether you are a sole trader, company shareholder or employee. Drawings, salary and dividends are not interchangeable, so we can explain the records and tax treatment that apply to your structure.

Question 9

Can you help if my business accounts are behind?

Accepted Answer

Yes. We start by identifying the gaps, prioritising any filing or payment deadlines and agreeing a catch-up plan. You do not need perfectly tidy records before asking for help.

Question 10

How much does small business accounting cost?

Accepted Answer

The starting point depends on transaction volume, GST, payroll, reporting and how much work you keep in-house. Our published packages start from $99 per month, with scope confirmed before ongoing work begins.

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