MYOB Essentials Accounting
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  • Using the AIM provisional tax option (New Zealand)

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New Zealand only

The Accounting Income Method (AIM) is a new way of calculating provisional tax for small businesses in New Zealand.

Businesses choosing to use AIM will pay provisional tax based on their actual current earnings rather than calculations on last year's income. These 'pay as you go' provisional tax payments make AIM a great solution for growing businesses or businesses with fluctuating, seasonal income.

AIM eligibility

If you...then...
have turnover under $5 millionYou can use AIM
opt in before your first provisional tax date for the year
have investments in foreign investment funds (FIF) or controlled foreign companies (CFC) for the income yearYou can't use AIM
are in a transitional year (a year in which you've changed your balance date)

are any of the following:
partnership
trust
Māori authority
superannuation fund
portfolio investment entity (PIE)

How does it work?

Check out this short video on how AIM works with your MYOB Essentials business.

 
Set up your business for AIM

After confirming your AIM eligibility, it's time to set up

 
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Sales

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Viewing invoices

Sales history

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