The video starts by showing the Inland Revenue logo, and the title, AIM, ACCOUNTING INCOME METHOD FOR PROVISIONAL TAX.
Some visual information is displayed throughout the video.
- Seasonal income is displayed when the narrator starts speaking.
- You can start using AIM at any point in the year.
- Myob, Reckon and xero are the accounting software providers displayed.
- Accounting Income Method www.ird.govt.nz/AIM
The video ends with the Inland Revenue logo displayed.
Easy listening style music plays throughout the entire video.
Is your business really busy at certain times of the year, and quiet the rest?
It’s hard to get provisional tax right, when you don’t know how well your business is going to do over the next few months, let alone the whole year.
Or, perhaps you’re growing really quickly, or your income goes up and down every month, or maybe you’re new to business and want tax to be quick and easy.
The accounting income method is an alternative option for managing your provisional tax.
It works through accounting software.
If your business turnover is under 5 million dollars, then AIM could be right for you.
Talk to your tax agent or head to our website for more videos and information.