Geekzone: technology news, blogs, forums
Welcome Guest.
You haven't logged in yet. If you don't have an account you can register now.
View this topic in a long page with up to 500 replies per page Create new topic
1 | 2 
1984 posts

Uber Geek
+1 received by user: 133


  Reply # 477768 4-Jun-2011 15:35
Send private message

motozed: oh i thought as a business transport is an expense hence tax deductible.

any more tips on what might be able to be claimed as an expense?

thanks very much all, will speak to IRD re the gst side soon. im thinking if i just collect for now anyway, and if i dont go over 60k i just give it ird ?

I understand you can claim transport costs from your base travelling to jobs onsite. I think it would be hard to explain bus fares being "business travel" unless you can show thats how you meet clients and you still do substantial work from your home office.

You should be able to get GST registered before your income hits 60k, since it sounds like you won't have too many expenses to claim for. Otherwise you would want to get registered and claim back GST on all costs from the beginning. Being only here for 3 months, is it worth all that trouble and time? If you remain a tax resident in your home country you might be able to just pay non-resident withholding tax here? Not sure about criteria for that but your accountant should know more, and ok to ask IRD if you just stick to questions about the legal requirements and their tax relationship with your home country.

Edit: Yes you need to pay ACC, but thats insurance so you can claim it if you get hit by a keyboard or something. Its not too much.

Qualified in business, certified in fibre, stuck in copper, have to keep going  ^_^

470 posts

Ultimate Geek
+1 received by user: 107

  Reply # 479392 9-Jun-2011 16:09
Send private message

Practically speaking, there are no issues claiming bus fares as business travel. Keep the individual tickets, as well as any top-up receipts you use (assuming you're using a stored value card).

You might also wish to purchase some public liability insurance. This will cover you if you accidentally damage the property of a client  - say you drop a screwdriver onto a PC and it causes a fatal short.

Professional indemnity insurance would cover you for any mistake you make in the course of your work, that leads to you being sued by the client. This type of insurance can be prohibitively expensive though, so you're need to make a judgement call.

Also remember that if you use a trading as status, that it is much more easy to  hold you personally liable any unpaid bills, or professional mistakes you might make.

Whoever said being a contractor was an easy ticket to a big fat paycheque, eh!

4853 posts

Uber Geek
+1 received by user: 92


  Reply # 479543 9-Jun-2011 23:06
Send private message

I would also look at income protection insurance.  If you are a contractor you don't have sick leave, short or long and if that's your entire source of income and you get sick/have an accident, it's good to have some coverage.

System One: Popcorn Hour A200,  PS3 SuperSlim, NPVR and Plex Server running on Gigabyte Brix (Windows 10 Pro), Sony BDP-S390 BD player, Pioneer AVR, Raspberry Pi running Kodi and Plex, Panasonic 60" 3D plasma, Google Chromecast

System Two: Popcorn Hour A200 ,  Oppo BDP-80 BluRay Player with hardware mode to be region free, Vivitek HD1080P 1080P DLP projector with 100" screen. Harman Kardon HK AVR 254 7.1 receiver, Samsung 4K player, Google Chromecast


My Google+ page 



1 | 2 
View this topic in a long page with up to 500 replies per page Create new topic

Twitter »

Follow us to receive Twitter updates when new discussions are posted in our forums:

Follow us to receive Twitter updates when news items and blogs are posted in our frontpage:

Follow us to receive Twitter updates when tech item prices are listed in our price comparison site:

News »

N4L helping TAKA Trust bridge the digital divide for Lower Hutt students
Posted 18-Jun-2018 13:08

Winners Announced for 2018 CIO Awards
Posted 18-Jun-2018 13:03

Logitech Rally sets new standard for USB-connected video conference cameras
Posted 18-Jun-2018 09:27

Russell Stanners steps down as Vodafone NZ CEO
Posted 12-Jun-2018 09:13

Intergen recognised as 2018 Microsoft Country Partner of the Year for New Zealand
Posted 12-Jun-2018 08:00

Finalists Announced For Microsoft NZ Partner Awards
Posted 6-Jun-2018 15:12

Vocus Group and Vodafone announce joint venture to accelerate fibre innovation
Posted 5-Jun-2018 10:52 to launch Kogan Mobile in New Zealand
Posted 4-Jun-2018 14:34

Enable doubles fibre broadband speeds for its most popular wholesale service in Christchurch
Posted 2-Jun-2018 20:07

All or Nothing: New Zealand All Blacks arrives on Amazon Prime Video
Posted 2-Jun-2018 16:21

Innovation Grant, High Tech Awards and new USA office for Kiwi tech company SwipedOn
Posted 1-Jun-2018 20:54

Commerce Commission warns Apple for misleading consumers about their rights
Posted 30-May-2018 13:15

IBM leads Call for Code to use cloud, data, AI, blockchain for natural disaster relief
Posted 25-May-2018 14:12

New FUJIFILM X-T100 aims to do better job than smartphones
Posted 24-May-2018 20:17

Stuff takes 100% ownership of Stuff Fibre
Posted 24-May-2018 19:41

Geekzone Live »

Try automatic live updates from Geekzone directly in your browser, without refreshing the page, with Geekzone Live now.

Are you subscribed to our RSS feed? You can download the latest headlines and summaries from our stories directly to your computer or smartphone by using a feed reader.

Alternatively, you can receive a daily email with Geekzone updates.