Hassle-free contracting and onboarding

At Younity we understand that a smooth and efficient onboarding experience can make all the difference if you’re a contractor, and our process keeps things simple, easy and fast.

Starting Right: A Digital Process That Saves Time

When you’re offered a contract through Younity, your onboarding journey kicks off with Onboarded, our fully integrated digital platform.

Gone are the days of drowning in paperwork and chasing down signatures. Onboarded allows you to provide all the necessary information in one go, with no need to re-enter your details at multiple stages.

With this system you benefit from:

Single-point data entry: You enter your information once, and it’s automatically synced across our systems. This minimises repetitive tasks and reduces the likelihood of errors.
Efficient document management: All your details are handled digitally, ensuring they’re ready to go for contract signing, invoicing, and payroll. You won’t have to follow up on lost paperwork or worry about miscommunication.

This allows you to focus on your role without being bogged down by administrative tasks, saving time and helping you get started faster.

Clearing the Compliance Hurdles

Before you can dive into your new role, Younity ensures that all the necessary compliance checks are completed quickly and seamlessly.

While these checks might seem intimidating at first, they are essential, particularly if you’re working in industries such as finance or banking, where stringent standards must be met.

Here’s what Younity manages for you:

• Background checks: Verifying your qualifications and ensuring there are no barriers to your employment.
• Credit checks: Ensuring financial responsibility, particularly relevant in roles involving sensitive financial data.
• Anti-money laundering (AML) checks: This check ensures you’re compliant with international regulations on financial crime.
• Passport verification: Confirming your legal right to work in New Zealand.

These checks are completed entirely through our digital system, meaning there’s no need for you to handle paperwork or manually submit documentation. The results come back quickly, so you can move on to the next phase with minimal delay.

Digital Contract Signing: Convenient and Flexible

Once your compliance checks are complete, Younity sends out your contract for digital signing. This allows you to sign your contract electronically from anywhere, whether you’re at home, on the road, or in another country.

For contractors, this offers several key advantages:

No delays: No need to print, sign, scan, or post documents. Everything is handled online, speeding up the process and eliminating the hassle of physical paperwork.
Accessibility: Whether you’re using a mobile device, tablet, or laptop, you can review and sign your contract in just a few clicks.
Security: Digital signatures are secure, legally binding, and fully compliant with New Zealand’s employment laws.

This streamlined process ensures that you can sign your contract without any unnecessary back-and-forth, so you can get to work as soon as possible.

Navigating Tax and Administrative Requirements

As a contractor, managing your own taxes and financial obligations is a crucial aspect of the job. While this might be new to some, Younity’s onboarding platform makes it easy to handle these essential administrative tasks without confusion or delays.

You will need to:

Provide your bank account details: This ensures that your payments are set up correctly from day one.
Register for GST (if applicable): If your earnings exceed New Zealand’s GST threshold, you’ll need to register with the IRD.
Complete the IR330C form: This is required for all contractors working through a labour hire firm, such as Younity, and determines your withholding tax rate.

For those unfamiliar with these requirements, Younity offers support to guide you through the process, ensuring everything is completed correctly and on time.

It’s vital to stay on top of your tax obligations, especially when it comes to provisional tax and ACC payments. Proper tax management not only avoids penalties but also ensures you stay financially healthy as a contractor.

Mastering Financial Management as a Contractor

One of the biggest shifts for professionals moving into contracting is managing their own finances.

Unlike permanent employees, contractors do not receive benefits like annual leave, sick leave, or employer KiwiSaver contributions.

While the trade-off is often higher pay rates, the responsibility for financial management falls squarely on your shoulders.

To ensure you’re prepared, here are a few key tips:

• Set up separate bank accounts for taxes and savings: This will help you set aside funds for tax payments and avoid spending everything you earn.
• Stay ahead of your GST and tax obligations: Regularly transferring a portion of your earnings into these accounts will help you avoid end-of-year surprises.
• Use tools like the IRD’s calculators: These can help you estimate how much to set aside for tax and ACC payments.
• If managing your taxes seems overwhelming, there are third-party services like Hnry that, for a fee, handle all your tax and GST obligations on your behalf. These services allow you to focus on your contract work rather than the complexities of tax compliance.

Avoiding Common Pitfalls: What Contractors Should Watch Out For

While contracting offers flexibility and higher pay, it also comes with risks if you don’t manage your responsibilities properly.

One of the most common pitfalls for new contractors is underestimating tax obligations.

It’s easy to assume that your earnings are entirely disposable, but a significant portion will need to be set aside for taxes and other expenses. Failing to do this can lead to financial strain at tax time.

To avoid this:

Be diligent about your finances. Track your income and set aside a portion for tax payments.
Consider professional support. Whether it’s a tax advisor or a service like Hnry, having someone manage your financial responsibilities can save you time and stress.

By staying on top of your tax and financial responsibilities, you can enjoy the benefits of contracting without the risks.

Ongoing Support: Younity is Here to Help

One of the biggest advantages of working with Younity is the ongoing support we provide.

We don’t just handle the onboarding process and leave you to it; we’re here throughout your contract to assist with any questions or issues you may have.

Whether it’s a query about your contract, a question about tax, or anything else related to your role, our team is always available to help. We believe in maintaining clear and open lines of communication, so you’re never left in the dark.

This level of support allows you to focus on your work, confident that we’ve got your back when it comes to any administrative or compliance concerns.

Getting Ready for Success

Being a contractor in New Zealand’s IT sector offers an exciting opportunity for career growth, flexibility, and higher earning potential. But it also requires a solid understanding of the administrative, tax, and financial responsibilities involved.

With Younity’s fully integrated onboarding platform, we’ve made the process as simple and efficient as possible. From digital contract signing to managing your tax obligations, we ensure that everything runs smoothly, allowing you to get to work without unnecessary delays.

With Younity, you’re not just signing up for a contract—you’re gaining a partner who supports you every step of the way. From onboarding to ongoing communication, we’re committed to making your contracting journey in New Zealand’s IT sector as seamless and successful as possible.