AIM – How tax adjustments will work in AIM software (On Demand)

Description

AIM (Accounting Income Method) – a new option for calculating provisional tax – will be available from 1 April 2018 for small businesses using approved accounting software.

This free webinar is the second in a series offered by Inland Revenue to help the accounting industry to prepare for the introduction of AIM.

The first webinar explained how AIM will work, how it will benefit tax agents and small businesses, and the types of businesses best suited for AIM.

This second webinar will quickly revisit the basics of AIM before explaining the accounting adjustments that AIM-approved accounting software will consider when calculating provisional tax payments.

Future webinars will provide more detail about how you can help suitable clients to prepare for AIM, and what to expect when clients begin using AIM.

This webinar is suitable for people from small or large firms who work with small businesses with under $5 million turnover. It will provide detailed information about how AIM will work.

LEARNING OUTCOMES

Attendees will gain a level of detailed knowledge of how AIM-approved accounting software will consider tax adjustments in determining provisional tax payments. This will help attendees to be confident that the AIM-approved software will be able to produce an accurate assessment of provisional tax payable in each accounting period (or of a refund due).
Once attendees understand the tax adjustments, this will help them to begin thinking about which of their clients might suit this new “pay-as-you-go” approach.

DATE OF ORIGINAL BROADCAST

30 October 2017

SUITED TO 

Accountants, Tax Agents, Bookkeepers

PRESENTERS

Nick Wilkins, Business Transformation Account Manager, Inland Revenue

Penny Cooper, Service Design, Business Transformation, Inland Revenue

 

 

No CPD with this recording

  • On Demand Event
    Complete online in your own time (Self-paced)
    • Free

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One-connection-one-fee

Our webinars operate on a 'one-connection-one-fee' basis so you can have your whole team participate for one cost effective price and claim CPD points.

Sole practitioners

A discount on webinars is available for sole practitioners. Please contact us at NZ‑learning@wolterskluwer.com to confirm eligibility.