When you register for GST, you have two choices to make.
Taxable period (how often you’ll file returns) — monthly, two-monthly or six-monthly.
Accounting basis from these options:
Our firm recommends that you consult us before making your GST choices, as an incorrect choice can have consequences.
Each pay period you need to calculate and deduct PAYE. Each payday you send Inland Revenue the pay details for your employees. You also need to provide employee details, like start and end date, contact details and date of birth, for new and departing employees.
There are three options for payday filing:
PAYE is pretty straightforward once you’re set up. But different rules can apply to some payments, eg lump sum payments like bonuses or retirement payouts, or to special types of workers. If you’re at all unsure of what you need to do, speak to Inland Revenue or to our firm.