Contracting without the admin headache? Here’s how.
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Wednesday, 19 August, 2009 | Tagged in Add new tag, Running Your Own Business | Written by Crackerjacks
Crackerjacks and CXC are now working closely to bring you more choices in how you structure yourself as a contractor.
Some of the great things about contracting are the ability to offset business expenses against your tax rate and the freedom to choose where and when you work. But with that comes the administration burden and associated risks that are synonymous with running your own structure.
CXC’s core service is to provide Contractor Management services, meaning they act as your Ltd Company for the duration of the contract, taking care of all the administration for you. All you have to do is submit your timesheets and expenses via the MyCXC online portal and CXC does the rest.
Once CXC receive your timesheet, they manage your billing to agencies or end client, collection of funds, calculate PAYE tax, ACC payments, take care of GST and make any other necessary deductions such as student loans or Kiwisaver. Individuals are then paid as a PAYE contractor meaning no additional paperwork, unexpected tax bills or additional accountancy fees.
The end result is the ability to go contracting without the need to set up or run your own structure – whilst retaining more of your income. Clearly a ‘win/win’.
This is not a new concept; in fact it has been around of well over 15 years and is one of the most popular ways to go contracting in Australia and the UK and has quickly caught on in Ireland and USA. CXC itself has 28 offices in 19 countries and is the largest global provider in the industry.
So if you are new to contracting, a non resident who is unfamiliar with New Zealand tax laws, or simply tired of the handling everything yourself, contact CXC to obtain a quote and find out if this is the right solution for you.
For more information please visit www.cxcglobal.co.nz, email info.nz@cxcglobal.com or phone 09 358 4133.
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