The New AIM Method of Paying Income Tax - 22nd Feb 2018

The New AIM Method of Paying Income Tax You may have heard of the New Zealand Government's new way to pay your provisional tax called AIM or accounting income method. This is a voluntary method starting from April 2018.
A real benefit is that it is paid based on the profit you have made over your GST period. If your cash flow was less during that time the income tax payment will be less.
This method could be very suitable for sole trading businesses and some companies, depending on the method their shareholders account for their personal salaries. However it will not suit everyone and is not available for partnerships.
If you would like to know more I'm very happy to discuss it with you. Call me on 03-4728551 to arrange an appointment or email me at raewynne@pedofski.co.nz. Come and enjoy my peaceful harbourside work environment or I am happy to travel to your place.

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