Archive | AIM

AIM statement of activity & payments

Understanding your Statement of activity and payments for provisional taxOnce you’ve chosen the Accounting Income Method (AIM), you’ll only pay provisional tax when your business makes a profitAbout AIM From April 2018 small businesses with turnover under $5 million a year can work out their provisional tax using the accounting income method (AIM). AIM uses new functionality included in […]

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AIM provisional tax & Xero

 Paying your provisional tax using Xero Accounting SoftwareTo choose Accounting Income Method (AIM) using Xero, you’ll need a tax advisor who uses Xero Practice ManagerGet set up for AIM Bare Bones Accounting uses Xero Practice Manager and if you’re eligible we can set you up to use AIM for the coming tax year. If you’re on two monthly […]

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