Forum Home
PC World Chat
 
Thread ID: 97259 2009-02-09 22:04:00 Which tax rate should I be using? Morgenmuffel (187) PC World Chat
Post ID Timestamp Content User
746352 2009-02-09 22:04:00 OK
I run my own business (a partnership) and i take money out of this as drawings, now as the business is failing miserably, i have a second job where i am employed as casual staff now for this job i have listed my tax thingie as Secondary which i thought was correct, however someone I talked to told me that as my other source of income is drawings from a business, I should be paying General? rather than secondary tax on my earnings from the second job.

any idea if they are correct? as I thought i was doing it correctly, and i would prefer to pay less tax.
Morgenmuffel (187)
746353 2009-02-09 22:13:00 Yes, they are right. You don't have 2 jobs. You have a business and one job. pctek (84)
746354 2009-02-09 22:20:00 So what is your main source of income?

Is it the business or your other job?

Try using the telephone and ask the IRD. They should be able to give you a definitive answer until the tax rates change.

In my case I receive NZ Super but I also from time to time work driving a truck. I deliberately do not work too many hours as I would probably receive a tax demand from the IRD in the event I crossed an income threshold.
Sweep (90)
1