Friday, 8 August, 2008 | Tagged in Contractors, Running Your Own Business | Written by Markhams
Depreciation
If you purchase an asset with a cost greater than $500, it must generally be added to the fixed asset schedule of the business and depreciation claimed over the assets useful life at prescribed rates set by the IRD. Any assets costing less than the $500 threshold are classified as ‘low-value assets’ and a [...]
Friday, 8 August, 2008 | Tagged in Contractors, Running Your Own Business | Written by Markhams
One of the most popular questions we’re asked here at Markhams is can I claim my motor vehicle expenses? Motor vehicles are a common business asset and running costs can be significant.
Sole Trader and Partnerships
If you are a sole trader or partnership and you use a motor vehicle for business purposes, you can claim that [...]
Friday, 8 August, 2008 | Tagged in Contractors, Running Your Own Business | Written by Markhams
Provisional tax is a way of paying your income tax in instalments through the year. The amount you pay during the year is credited against your end-of-year tax to pay.
Who has to pay provisional tax?
If your current year’s residual income tax (RIT) is more than $2,500 you’ll need to pay provisional tax for the [...]
Friday, 8 August, 2008 | Tagged in Contractors, Running Your Own Business | Written by Markhams
GST (Goods and Services Tax) is a tax that is imposed on the supply of goods in services in New Zealand. GST registered businesses charge GST on their income and claim back GST on purchases and expenses incurred in deriving that income.
GST Registration
A taxpayer is required to register for GST if they are carrying on [...]
Sunday, 20 July, 2008 | Tagged in Business, Contractors | Written by Crackerjacks
Yes, we’ve finally launched the site!
It’s been a hard slog for a dedicated bunch of people within the Crackerjacks team, and a chance for us to take a small breather before the real work begins. You’ll notice that the site has been tagged as being in Beta phase. By this we mean that [...]
Tuesday, 1 July, 2008 | Tagged in Contractors, Using Crackerjacks | Written by Crackerjacks
Crackerjacks is the ultimate contracting resource. We’re here to provide you with the tools you need to live the freedom and flexibility of the contracting lifestyle. In order to make the most of this resource and set yourself up for success as a contractor, it helps to know what businesses are looking for [...]
Tuesday, 1 July, 2008 | Tagged in Contractors, Rates | Written by Crackerjacks
More and more of us are taking up the opportunity to manage our own careers on our own terms.
One of the great things about contracting through Crackerjacks is that you get to determine what you’ll work for. In other words – you get to set your own rate. While this will depend largely on market [...]
Tuesday, 1 July, 2008 | Tagged in Contractors, Getting the Role | Written by Crackerjacks
As a marketer, it’s my experience that the basic principles of selling are the same no matter what the product or service. It’s my firm belief that you go through the same process to sell beer as you would a stop-smoking campaign, a heart medication, passionfruit yoghurt, a recruitment campaign for prison guards, [...]
Tuesday, 1 July, 2008 | Tagged in Contractors, Lifestyle | Written by Crackerjacks
Contracting as a Career
When I first met the Crackerjacks team, I entered a mythical man into the conversation. He lived at Piha, didn’t have to drive into an office everyday, could go surfing at lunchtime and would sit on the deck in the sun with his laptop doing work. This was a cliché that [...]
