Save and Earn From Day One!
At Minishop.co.nz, we’re all about helping you save money and earn a healthy income from the comfort of your own home. And here’s the best part: you can start seeing tax savings even before you make a single sale!
The average person can save around $2,138.52 over a year before they sell a thing!
Let’s break it down so you can see how simple (and profitable!) running a Minishop can be.
Tax Savings – Yes, Even Before You Sell Anything!
By using part of your home for your Minishop business, you can deduct expenses like rent, utilities, and even your Minishop fees. You’re already saving money before your first customer walks through the door. Let’s show you how.
You’re using 30 square metres of your home—20 sqm of your garage and 10 sqm for your office. Here’s how that works for you:
1. Rent or Mortgage Deduction
If your rent or mortgage is $690 per week (a typical amount in New Zealand), that’s $35,880 per year. You’re using 20% of your home for business, so you can deduct 20% of your rent:
- 20% of $35,880 = $7,176 per year (or $598 per month).
2. Utilities Deduction
On top of that, the IRD Square Metre Rate lets you deduct part of your utilities (electricity, gas, internet, etc.). For your 30 sqm of business space, that’s $1,435.50 per year, or $119.63 per month.
3. Minishop Fee Deduction
We know every little bit helps! You can also deduct the $10 weekly fee you pay to Minishop, which comes to $40 per month.
Total Monthly Deductions:
- Rent/Mortgage: $598
- Utilities: $119.63
- Minishop Fee: $40
- Total: $757.63 per month
Total Tax Saved
So, how much are you really saving? If you’re paying the average NZ tax rate of 23.53%, your tax savings from these deductions are:
- $757.63 x 23.53% = $178.21 per month saved in taxes.
That’s right—you’re saving $178.21 every single month, even if you haven’t made any sales yet. Over a year, that’s $2,138.52 in tax savings!
Now Let’s Talk About Income!
Once you start making sales, the profits really start to add up. Here’s how much you could make with 15-20 sales a week at an average of $20 per sale:
Monthly Sales:
- 15 sales per week = $1,200 per month
- 20 sales per week = $1,600 per month
Profit Margins:
You’ll keep about 30% profit on each item sold. That means:
Monthly Profit:
- 15 sales per week = $360 per month in profit
- 20 sales per week = $480 per month in profit
The Big Picture: How Much Can You Save and Earn?
Here’s the best part: when you combine your tax savings with the money you make from selling, you’re looking at big benefits every month.
- Tax savings: $178.21 per month
- Profit from sales (15-20 items per week): $360 – $480 per month
That’s a lot of extra money in your pocket each month, just by running your Minishop from home!
Ready to Start?
Running a Minishop.co.nz business is a fantastic way to boost your income, save on taxes, and make a real impact in your community—all while working from home. Whether you’re just starting or growing your business, we’re here to help you every step of the way.
Start saving and earning with Minishop today—your home business just got a whole lot smarter!
