Office angels is now Navigator Accounting. Please visit us at navigatoraccounting.co.nz

We previewed AIM (Accounting Income Method), the new way to manage provisional tax, in an earlier post.  Now, the IRD have put together their own summary and handy little one-minute video to give a nice overview.  They’re even calling AIM a “cash flow game-changer for small businesses”.

You can start using AIM in the current tax year if you have a standard 31 March balance date, but be quick:

  • If you file GST every month, you will need to submit your first statement of activity by 28 May 2018.
  • If you pay GST every 2 or 6 months, or if you’re not registered for GST, your first filing deadline for your statement of activity is 28 June 2018.

Take a look at the info for yourselves, then get in touch with us to see if AIM is right for your business, or just contact us now with any questions.