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Relax and let Beany handle your GST stress

Keeping track of your books is necessary for all business owners, as is filing GST returns if you're GST registered, but they don't have to be a drag. Focus on what you do best, while we handle your books 🤓

What's GST

Goods and Services Tax (GST) is a tax on most goods and services sold by businesses. While it feels like a tax on businesses, it really isn’t - it’s paid by people living out their day-to-day lives.​

Businesses act like tax collectors for the government – charging an additional 15% on top of each sale, which is then passed on to Inland Revenue.

A business’s process of forwarding the GST to the government is called a GST Return. In New Zealand, GST filing frequency is monthly, 2-monthly, and 6-monthly. Your annual turnover can help you to determine your GST filing frequency.

Who needs to register for GST?

In New Zealand, the GST registration threshold is $60,000. This means you need to register for GST if your business turnover is more than $60,000 in the past 12 months, or if you expect it to exceed $60,000. This threshold applies to business owners, freelancers, and contractors. 

You’ll also need to register for GST if you’re required to charge GST for the services you provide. For example, taxi or ride-share services no matter your turnover. 

It is important to know if you have a salaried job and a side hustle, this threshold only applies to the money you earn from your side hustle.

GST return dates 2022-2023

GST filing is often required monthly, two-monthly, and six-monthly. The frequency can be limited depending on your turnover, but your accountant can help you make the right choice.

For example, businesses that have a turnover above $24 million are required to file their GST on a monthly basis. Two-monthly is for businesses that have a turnover between $500,000 and $24 million.

If your business turnover is below $500,000 a year, can choose to file GST every six months.  IRD’s tax due date calendar can give you more information on when your GST return is due.

Meet Jenny, your potential Beany accountant

How to file GST returns?

You can either choose to file your GST returns yourself or via an accountant or tax agent. 

DIY: You can choose to either lodge online through myIR or via your online accounting software. You can find more details on IRD's website.

Via an accountant or tax agent: If you have an accountant or a tax agent, you can let them take care of it for one less thing to worry about.


Frequently asked questions

Don’t see your answer? Reach out to us, we’d love to help!
Register free and take a look around the Beany platform. A member of our team will reach out to learn about your business and your goals. They will offer the best way forward and if we're a good fit for each other. The next step is to choose a package that suits your business needs. Remember all of our packages are fixed monthly fees so there’s no surprises.
We help thousands of businesses grow by sharing the weight of their accounting, or taking it off their shoulders entirely. We combine the latest accounting cloud technology with a reassuring helping of human interaction. Our Beanies are there for you full time to keep things running smoothly and guide you through the tough stuff.   
Once you've finished your ID checks and IRD authorities, our team will be busy in the background getting connected with your Xero file and Inland Revenue.If you had any third parties where we need to do ID checks or get IRD authorities, we'll need to have these complete before we're able to work as your accountant. Once we've got the access we need and the ID checks are all complete, you'll receive an email introducing you to your new accountant along with a link to book a meeting with them to discuss your business goals.
Beany will give you support on any tax and accounting questions, as part of your package. We are here to help.  And should you require some out-of-scope work, such as preparing a cash flow summary for the bank, or working through a specific tax issue, we will let you know any extra cost before we start.You can call and email our Customer Support desk as often as you like. The type of questions we get range from help with your Xero file, asking when your tax is due and what to do with your payroll!We always aim to respond within 24 hours with answers to your questions, although at peak accounting times it may take a little longer.Our Support desk is staffed by qualified and experienced Beanies who can respond quickly and accurately. If needed, they will also liaise with your personal Beany accountant.We can also offer you some training to help you manage some of these tasks yourself. It’s all part of the service.
Yes, we certainly do. We can provide advice on anything you would expect from a traditional accountant. Take a look at customer testimonials to get an idea of some of the advice we have provided.Please send us an email or give us a call. Once we understand what you need, we will provide a quote, detailing the cost of the advice and what you are going to receive from Beany. This way there are no surprises!
Beany has a 12 month commitment for all our accounting packages. This is because the monthly payment you make is actually the total cost for the year, split into 12 monthly payments, as a payment plan.We operate like this to give you certainty about the cost of your compliance, and to smooth cashflow for your business.