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Only pay provisional tax when you’re making a profit

Woman on laptop smiling. Man in workshop smiling. Words in teal box to the right say "Only pay provisional tax when you're making a profit".

Now’s the time to check it's right for you - get set up to use AIM for the upcoming tax year

Woman on laptop smiling. Man in workshop smiling. Words in teal box to the right say "Only pay provisional tax when you're making a profit".

Now’s the time to check it's right for you - get set up to use AIM for the upcoming tax year

The accounting income method (AIM)

AIM is an alternative option through software with MYOB, Reckon APS and Xero.

It's a cash flow game changer - if you don't make a profit you won't have to pay provisional tax.
 

AIM in three easy steps

  1. Check if it's right for you
  1. Get advice
  • We recommend that you talk it over with your tax professional or software provider.
  1. Get AIM-capable software
  • MYOB, Reckon APS and Xero already have AIM functionality
  • Check your software and contact your software provider for more details.
  • If you're a new business, you can start using AIM straight away. If you're an existing business and want to use AIM, get set up in your accounting software and file before:
    • 28 May 2019 (monthly filers), or
    • 28 June 2019 (two-monthly or six-monthly filers).