OHbaby! Forums : contract working question https://www.ohbaby.co.nz/forum/ Copyright (c) 2006-2013 Web Wiz Forums - All Rights Reserved. Wed, 08 Apr 2026 04:56:25 +0000 Mon, 14 Jul 2008 19:31:50 +0000 http://blogs.law.harvard.edu/tech/rss Web Wiz Forums 12.05 360 https://www.ohbaby.co.nz/forum/RSS_post_feed.asp?TID=19129 <![CDATA[OHbaby! Forums]]> https://www.ohbaby.co.nz/forum/forum_images/web_wiz_forums.png https://www.ohbaby.co.nz/forum/ <![CDATA[contract working question : thanks heaps girls, it is def...]]> https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=19129&PID=439520&title=contract-working-question#439520 Author: Spudling
Subject: 19129
Posted: 14 July 2008 at 7:31pm

thanks heaps girls, it is def contracting over a fixed term contract (that bit I did get )
anyhow, thanks again, now I have a better idea on how much I need to charge hourly
you are all 's , as always ]]> Mon, 14 Jul 2008 19:31:50 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=19129&PID=439520&title=contract-working-question#439520 <![CDATA[contract working question : I have been a contractor for about...]]> https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=19129&PID=439514&title=contract-working-question#439514 Author: MummyFreckle
Subject: 19129
Posted: 14 July 2008 at 7:24pm

I have been a contractor for about 9 years now (as has DH), we work on the principle that we put about 35% of earnings away to cover tax, gst, acc etc. We also put a lot of our costs through the company (obviously only valid costs that are related)...like internet, cellphones, carparking etc, which means that we can claim the gst on those.

As Joshierocks mentioned - it can be quite time consuming with all the tax paperwork, and it pays to keep on top of it...but you do get to charge a much higher hourly rate.

Being a contractor is different from having a fixed term contract, and there are different considerations when it comes to tax....

We have found that having a good accountant is invaluable, as if you are registered as a company you will need to do yearly returns etc.

]]> Mon, 14 Jul 2008 19:24:36 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=19129&PID=439514&title=contract-working-question#439514 <![CDATA[contract working question : I dont think you have to register...]]> https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=19129&PID=439503&title=contract-working-question#439503 Author: peanut butter
Subject: 19129
Posted: 14 July 2008 at 7:12pm

I dont think you have to register for GST until you are earning over a certain amount.  I could be wrong but that is my understanding.  You can voluntarily register though...but why bother....too much hassle.]]> Mon, 14 Jul 2008 19:12:23 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=19129&PID=439503&title=contract-working-question#439503 <![CDATA[contract working question : I would have thought it depended...]]> https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=19129&PID=439452&title=contract-working-question#439452 Author: myfullhouse
Subject: 19129
Posted: 14 July 2008 at 6:02pm

I would have thought it depended exactly how the job was set up. If you are contracting therefore invoicing the company for your services then the above post applies.

If you are on a fixed contract i.e. they only ask you to work for 6mths etc then you may just be on wages 'as per normal' however you will likely get 8% on top of your hourly wage in lieu of accruing annual leave. I now have a casual contract with work and this is how it works for me.

You may just want to clarify it with the company first]]> Mon, 14 Jul 2008 18:02:29 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=19129&PID=439452&title=contract-working-question#439452 <![CDATA[contract working question : If you are contracting then you&#039;ll...]]> https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=19129&PID=439448&title=contract-working-question#439448 Author: Jay_R
Subject: 19129
Posted: 14 July 2008 at 5:58pm

If you are contracting then you'll need to claim/pay GST every time you invoice the company you are working for.

You'll also need to pay, where applicable, ACC Levy, Provisional Tax and/or Witholding Tax.

Can be quite a bit of extra work come tax time, but you have the ability to charge much higher hourly rates.

Check out the IRD website - Business Tax - www.ird.govt.nz]]> Mon, 14 Jul 2008 17:58:28 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=19129&PID=439448&title=contract-working-question#439448 <![CDATA[contract working question : I don&#039;t really know what...]]> https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=19129&PID=439431&title=contract-working-question#439431 Author: Spudling
Subject: 19129
Posted: 14 July 2008 at 5:43pm

I don't really know what I want to know, as I have always just been paid wages so don't know what being on contract really means....sorry, dim Mother that has been out of the workforce in NZ for a long time....]]> Mon, 14 Jul 2008 17:43:03 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=19129&PID=439431&title=contract-working-question#439431 <![CDATA[contract working question : So do you want to know what you&#039;ll...]]> https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=19129&PID=439419&title=contract-working-question#439419 Author: .Mel
Subject: 19129
Posted: 14 July 2008 at 5:28pm

So do you want to know what you'll pay in PAYE? The IRD website have a section where you can work out what you'll get gross and then what you'll take home... I'm not sure about HP.. ]]> Mon, 14 Jul 2008 17:28:37 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=19129&PID=439419&title=contract-working-question#439419 <![CDATA[contract working question : I have been offered a job working...]]> https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=19129&PID=439416&title=contract-working-question#439416 Author: Spudling
Subject: 19129
Posted: 14 July 2008 at 5:22pm

I have been offered a job working about 8 hours a week on contract and I just kind of want to know what it involves, how much tax do you have to pay, what you miss out on (ie holiday pay, and then how much that actually is ) and what you have to do for the IRD and anything else.
I can't decide whether or not to take this job and just want to know how much more per $1 earned I have to pay out if you know what I mean]]> Mon, 14 Jul 2008 17:22:26 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=19129&PID=439416&title=contract-working-question#439416