Accounting Income Method (AIM) – meaning and definition

The accounting income method is a way to calculate provisional tax if you use accounting software and have turnover of less than $5 million. Under this method, your payments will be based on accounting profit for a period a time. In most cases, this will be every two months.

Paula Clarke, our Client Services Team Lead, gives an explanation of the accounting income method.

Further Resources for Paying Tax:

• Calculating Provisional Tax
• Our post on what the IRD isn’t saying about AIM
• Our Provisional Tax Guide
• Find a TMNZ Premium Partner to walk you through your options
• Check out our calendars for standard provisional tax dates and alternative provisional tax dates