Self-employed tax

Self-employed & contractor tax

Income from self-employment (a year)

Business expenses

Other income (salary or wages) a year

Student loan My income above includes GST

Put aside for tax18%of your profit: about $205 a week, $10,636 a year

GSTTurnover over $60,000 a year means you must register for GST.

Provisional taxWith more than $5,000 of tax to pay at year end, you'll likely pay provisional tax in instalments next year.

ACC also charges a work levy that depends on your industry, so your ACC bill will be higher than shown. Check with IRD or an accountant.

Income from self-employment (a year)

Business expenses

Other income (salary or wages) a year

Student loan My income above includes GST

Put aside for tax18%of your profit: about $205 a week, $10,636 a year

GSTTurnover over $60,000 a year means you must register for GST.

Provisional taxWith more than $5,000 of tax to pay at year end, you'll likely pay provisional tax in instalments next year.

ACC also charges a work levy that depends on your industry, so your ACC bill will be higher than shown. Check with IRD or an accountant.