You may have heard or been sent correspondence from Inland Revenue regarding a new way to calculate provisional tax from 1 April 2018. As there is a number of criteria to be able to use this new method, we have created the following list of questions for you to determine if you qualify. If you answer yes to all of these questions and would like to explore AIM further please contact us to discuss
- Are you trading as a Sole Trader or Company?
- Are you using Xero, Reckon or MYOB software?
- Do you have no FIF or CFC income (Foreign Income)?
- Is your turnover less than $5m annually?
If you have any questions regarding this new option to pay Provisional Tax please do not hesitate to contact us.