As an independent contract driver operating on the Road Ninja platform, you enjoy a distinct and flexible working arrangement that sets you apart from traditional employees.
We want to ensure you have a clear understanding of what being an independent contractor means, and what your obligations are.
Tax Responsibilities
As an independent contract driver, it's your responsibility to handle your taxes and ACC levies. This involves being aware of your obligations, maintaining accurate financial records, and making timely payments.
We partner with Hnry to assist you with managing your tax obligations. Hnry is a 100% New Zealand-based company who specialise in simplifying tax needs of contractors and freelancers in the gig economy.
When you sign up for Hnry through Road Ninja, you'll receive a $25.00 discount credit - with no strings attached! 👌
Tax Management with Hnry
Once you've signed up to Hnry and have completed driving gigs through Road Ninja, your earnings are directly sent to your Hnry bank account. This is where Hnry's automated services come into play to simplify your financial obligations.
Specifically, Hnry performs the following tasks for you:
Tax deduction calculations
Assessment and payment of ACC levies
GST management
When Should you Register for GST
When it comes to GST (Goods and Services Tax), here's what you need to know 👇
Annual turnover: If the total money you earn adds up to NZD $60,000 or more in a year, then you must register for GST. It's a legal requirement.
Optional below threshold: If your earnings are less than NZD $60,000 per year, you have the choice to register for GST or not. It's entirely up to you.
A taxable activity includes any activity that is:
Carried out continuously or regularly by a business, trade, manufacturer, professional, association, or club.
It includes activities that supply, or intend to supply, goods and services to someone else for a consideration (money, compensation, reward) but not necessarily for a profit.
If your earnings match these rules, you might want to think about registering for GST.
The information in this article is intended to provide general information and does not constitute legal or tax advice. Always consult with a professional tax advisor or legal counsel to understand your unique circumstances.
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