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Inland Revenue’s logo displays. Next, the title of the video AIM – Accounting Income Method for provisional tax slides in from the right.
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The words “AIM software” encased in a grey circle appears. A pink spiky border pops up, framing the circle before rolling off the screen to the right. “Xero”, “Reckon” and “MYOB” encased in circle rolls in one by one from the left.
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The “Accounting Income Method” is a new option for managing your provisional tax. It works through accounting software.
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Transitions to an illustrated computer screen, displaying IR10 information form (statement of activity). This was replaced by the text “<$5 million”, followed by a tick.
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If your business turnover is under $5 million then AIM could right for you
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The text “Available from April 2018” drops down from the top.
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You can start getting the benefits of AIM from April
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Transitions to a sin graph with profit and loss displayed on the x-axis on either side of 0. An orange dot travels along the graph in an oscillating fashion. The text “payment matches cash flow” appears at the end of the graph.
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Wouldn’t it be easy if your provisional tax payments matched what’s actually happening in your business?
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A red no entry sign appears (circle with a slanted line from right to left), with the text “No penalties or interest” displayed at the bottom.
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Would you like to wave goodbye to penalties or interest?
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Transitions to five big dollar signs drop down from the top of the screen and glides through to the bottom. The text “Refunds through the year” appears.
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Want a quick, simple way to get refunds straightaway instead of having to wait until the end of the year?
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A table rise from the bottom with a pile of paper to the left, computer screen in the middle and a coffee cup to the right. It zoomed into the computer screen, displaying the text “Accounting Income Method”. A web URL pops up from the bottom, www.ird.govt.nz/AIM. Transitions to Inland Revenue’s logo.
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Chat to your tax agent or head to our website for more videos and information.