Inland Revenue changes on 17 April will affect your business. Changes to PAYE reporting and a new method for managing provisional tax are designed to integrate tax processes with your day to day business.
You can sign up for a free webinar on these changes. Although the live webinar is now full, you can access it whenever is convenient and watch it in your own time. You just need to register at:
www.cchlearning.co.nz/events/cat-57-inland-revenue
You’ll learn more about the new look and feel of IR’s new system, and find out about the Payday reporting legislation, where employers will be required to report payroll returns information every payday rather than monthly. This will be voluntary from April 2018, and mandatory from April 2019.
There’ll also be a summary of AIM, the Accounting Income Method, a new ‘pay-as-you-go’ option for managing provisional tax using approved accounting software. To find out more on this, you can view IR’s webinar on AIM from 12 February.