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EXPENSES A PAIN FOR SELF-EMPLOYED

THIRTY PERCENT of contractors, freelancers and the self-employed say keeping on top of expenses, and knowing what they can claim, is the most disliked task of their financial admin.

Tax agent Hnry recently surveyed self-employed Kiwis on a range of financial issues. CEO James Fuller says it can be particularly stressful each year as the tax return filing deadline approaches.

“A lot of contractors and freelancers will spend their free time rummaging around down the back of the sofa or thumbing through that stack of old mail that sits in the kitchen, trying to find the receipts they need for their tax return. It's crazy how much time and effort we spend trying to hunt down these little bits of paper.”

It’s estimated that for at least ten percent of the New Zealand population, their main source of income is from being self-employed, freelancing or contracting. This number is growing every day as more Kiwis earn independently. James Fuller says their research found these people spend, on