There is a common misconception that you have to employ a Chartered Accountant to handle your annual financial statements and tax for your business. This simply is not the case, and does unfortunately lead to quite a bit of unnecessary expense for business owners. The vast majority of NZ business do not require an audit to be performed, but do have an obligation to compile annual financial statements and submit a tax return. As a member of ATAINZ, you are assured that we must adhere to a strict code of conduct and keep current with continuing education requirements.

So the answer in short, no, you don’t need a Chartered Accountant, bunt it is a good idea to make sure your accountant does have some sort of Professional Association.