Using the Accounting Income Method to Pay Provisional Tax – Should you do it?

Posted in Xero #accounting #ird #tax

The Inland Revenue Department are carrying out an extensive campaign to get taxpayers to adopt the Accounting Income Method - AIM. The idea behind AIM is that your provisional tax payments are based on the profit as per your monthly accounts. However, WK advises against using the method to avoid higher accounting costs.

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Advice On Inland Revenue Chasing Unpaid Provisional Tax

Posted in News #tax

Inland Revenue are now randomly contacting clients who may have missed paying their first instalment of 2016 provisional tax due on 28 August 2015.

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