GST accounting and advice
Make GST easier to manage
GST can seem straightforward until the details matter.
From knowing when you need to register and what you can claim, to preparing returns and understanding how much you need to pay, there can be more to GST than first meets the eye.
At ilumin, we help you understand what applies to your business and make managing your GST obligations easier. Whether you need help registering, preparing and filing returns, or advice about the GST implications of a business decision, we’ll explain what you need to know in plain English.
GST registration
Not every business needs to register for GST, and getting the timing right matters.
We can help you understand whether you need to register, when registration should happen and what being GST registered means for the way you invoice, keep records and manage your finances.
GST returns
Your GST return works out the difference between the GST you’ve collected and the GST you’re entitled to claim.
We can help prepare your returns using accurate financial information, identify anything that needs attention and make sure you understand your GST position.
GST filing
Keeping on top of filing dates helps you meet your obligations and avoid unnecessary issues with IRD.
Where we file GST returns on your behalf, we’ll make sure they’re submitted on time and let you know what you need to pay and when.
GST advice for business decisions
Some transactions have GST implications that aren’t immediately obvious.
If you’re buying or selling assets, changing how your business operates or considering a significant transaction, talk to us before you commit. We can help you understand the GST implications and factor them into your decision.
GST errors or catch-up support
Fallen behind with your GST or discovered something isn’t quite right?
The sooner you address it, the easier it usually is to work out what needs to happen next. We can help review your GST position, identify what needs correcting and work with you to get things back on track.
GST and cashflow planning
The GST you collect isn’t all yours to spend, so knowing what you’re likely to owe is an important part of managing your cashflow.
We can help you understand your upcoming GST obligations and build them into your planning, reducing the risk of a payment becoming an unwelcome surprise.
Know what to pay and when
GST can put pressure on cashflow when the money needed for a payment hasn’t been set aside.
Having a clear picture of what you’re collecting, what you can claim and when payments are due makes it easier to plan ahead.
We’ll help you understand your GST position and upcoming obligations so you can factor them into your cashflow and make better-informed decisions about the money available in your business.
Do I need to register for GST?
Whether you need to register depends on your circumstances, including the level of your taxable activity.
We can help you determine whether registration is required, or appropriate, for your business, and explain what changes once you’re registered.
How often do I need to file GST returns?
Your filing frequency depends on the filing basis that applies to your business.
We’ll help you understand when your returns are due, what information is needed and when any GST needs to be paid.
Can you help if my GST is overdue?
Yes. If you’ve missed GST returns or payments, talk to us sooner rather than later.
We’ll help you understand what’s outstanding, work through what needs to be filed or corrected and, where necessary, help you deal with IRD to get things back on track.
How do I plan for GST payments?
The starting point is knowing when payments are due and having a realistic idea of what you’re likely to owe.
We can help you understand your GST position and incorporate upcoming payments into your cashflow planning, so the money is accounted for before the due date arrives.
Need help with GST?
Whether you need help with regular GST obligations, have fallen behind or simply want to check the GST implications of a decision before you make it, we’re here to help you understand what needs to happen next.