Subject to legislation passing, we’ll have a new way of finalising end of year income for some individuals. Proposed changes for individuals
All employers must switch to payday filing by 1 April 2019. For more information check out our payday filing website.
If you or your clients provide benefits or payments in the form of interest, dividends, PIE income, taxable Māori authority distributions or royalties, then you’ll need to know about the investment income reporting changes.
From April 2019 businesses can start using AIM (the Accounting Income Method) at any time during the tax year, not just at the start of the tax year. More information can be found on the AIM website.