You must register for GST if your business has taxable supplies exceeding $60,000 in any 12-month period. You can also voluntarily register if your turnover is below this threshold, which may be beneficial for claiming input tax credits. We can assess your situation and advise on the best approach for your business.

GST returns can be filed monthly, 2-monthly, or 6-monthly depending on your business size and preference. Most businesses file 2-monthly returns. The frequency affects your cash flow and administrative burden, so we help you choose the best option for your circumstances.

You must keep detailed records of all taxable supplies, purchases, input tax credits, and GST calculations. This includes tax invoices, receipts, bank statements, and accounting records. Records must be kept for at least 7 years. We provide guidance on proper record-keeping systems and requirements.

Late filing penalties start at $50 and can increase significantly. There are also penalties for late payment of GST owed. Our proactive deadline management ensures you never miss a filing date, avoiding these costly penalties and maintaining good standing with IRD.

Yes, you can claim input tax credits for GST paid on business purchases and expenses, provided you have valid tax invoices and the expenses are for taxable activities. This can significantly reduce your GST liability or result in refunds. We help maximize your legitimate input tax credit claims.

GST audits can be stressful, but proper preparation and professional representation make all the difference. We help prepare for audits, represent you during the process, and work to resolve any issues efficiently. Our clients have peace of mind knowing they have expert support throughout any audit process.