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Transcript - Who is AIM for?

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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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Transitions into an apple orchard. Two people busy picking apples from the trees and placing them into baskets. The text “Seasonal Income” encased in a teal circle pops up on the left.

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Is your business really busy at certain times of the year, and quiet the rest?

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Circle fades away. Apples from trees all fell to the ground and disappear. People picking apples from empty trees slowly fade away, with empty trees on screen.

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It’s hard to get provisional tax right when you don’t know how well your business is going to do over the next few months, let alone the whole year.

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Apples grow on trees again, with many more apple trees blooming all over the place.

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Or perhaps you’re growing really quickly or if your income goes up and down every month.

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Transitions into a cargo boat carrying pallets of apple, sailing through the sea.

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Or maybe you’re new to business and want tax to be quick and easy?

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The text “Available from April 2018” drops down from the top and slides off screen to the right.

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The “Accounting Income Method” is a new option for managing provisional tax.

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“Xero”, “Reckon” and “MYOB” encased in circle rolls in one by one from the left.

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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 be right for you.

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Screen illustration transitions to 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 to find out more.

 

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