On the 17th of April 2018, Inland Revene made some big changes to the myIR portals. These changes were implemented to make filing your tax simpler. The most noticeable change would have to be the renaming of the ‘My GST’ section to ‘My Business’. In this section you will be able to:
As of April 2018 Inland Revenue has introduced a accounting method. AIM (Accounting Income Method) is being pitched as an easy way that your business can pay tax as you earn profit and as an alternative to paying estimated provisional tax. To be eligible to use AIM you must: have turnover under $5m choose AIM … Continue reading What is AIM?