Inland Revenue has created a one-stop information portal for small business owners, ‘Tool for Business’. The online, interactive tool explains what small business owners need to know to start and maintain a business, from a taxation perspective. The tool is informed by commonly asked questions from real business people. It categorically tackles important questions, such as:

• How do I start a business?
• What records do I need to keep?
• How does tax work?
• Do I need to register for GST?
• What do I do if I employ someone?

The portal also provides many useful links and resources if you need more information. Click here to use the ‘Tool for Business’ and see what you think. If you need help understanding and meeting your tax obligations contact us and we’ll help get you sorted.