The end of the 2018/2019 financial year is coming up fast. Now's the time to think about how to minimise tax, and plan for next year. Some things to think about.
Check the figures — Got access to your profit and loss information? Take the time now to have a look. Average the profit out over the last 11 months and annualise it or do some sums on what's yet to invoice. Work out what your profit and tax might be for the year and see how much extra you might need to save to meet your obligations.
A tax calculator is on the IRD website to help you with the tax calculation.
If you cannot review your numbers or are using an accounting program called Excel then make a plan to kick into a real accounting system for April 1. Get advice on which one is best for you.
Plan for the next year — Put a budget in place and make sure you work on the "front end". I refer to this as how to make sales, working on how you charge and being clear on your price points.