End of Year Tax Checklist for NZ Small Businesses and Tradies
End of year tax does not need to be stressful. It becomes stressful when records are incomplete.
Step 1: Reconcile Income
Ensure all invoices issued are recorded and matched to bank deposits.
Step 2: Check Expenses
Confirm receipts exist and categories are correct.
Step 3: Review GST
Ensure GST filings match actual income and expenses.
Step 4: ACC and Provisional Tax
Understand upcoming payments so cash is not caught short.
Step 5: Accountant Handover
Provide clean records, not shoe boxes.
Summary
Good EOFY prep saves time, fees, and stress.
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