Accounting Income Method (AIM) – meaning and definition
What is the Accounting Income Method (AIM)?
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.
Accounting Income Method (AIM) – video guide
Paula Clarke, our Client Services Team Lead, gives an explanation of the accounting income method.
Further resources:
- 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