I've been considering going into contracting and my research on the best structure has conflicting messages.
Accountants I've spoken to say I should set up as a company but I can't see why that makes sense.
My suspicion is that they want to make my life as complex as possible so they can make me use & pay for Xero and file company AND personal tax returns?
They said I would get a lower tax rate but I see that if I take drawings then the the IRD will tax me on that as personal income?
Also Xero and Accountants seem a bit over the top when all I'll be doing is claiming a few business expenses and putting in a invoice every month.
I have recently seen Hnry.co.nz and these guys seem too good to be true.
I spoke to them and they're the real deal and were super helpful
Has anyone got any experience with them?
I think the myths around starting a company are based on someone else profiting from my ignorance!