Having been overseas for a while, Im unsure how to go about contracting in NZ. Where I have been the agencies just pay me, but in NZ it appears my rate is daily and I have to operate as a company. Im not looking for anything more than generic advice, I will see an accountant asap.
I have a couple of questions regarding sole trader.
When a company pays me say $100pd + GST, do I collect that $115 a day and then pay the tax at the end of the tax year (gst and payg), is that a legal option?
The reason I ask is I may not be in NZ for longer than the contract which is only 3 months and my tax is clearly going to be a lot lower than estimating 12 months worth.
Thanks