I have received a newsletter from the New Zealand IRD regarding changes to provisional tax payments. Having briefly looked over it, it quotes several accounting software as being able to deal with the changes. Here is the link http://www.ird.govt.nz/news-updates/accounting-income-method-prov-tax.html
I need to speak to my accountant and read the information in more detail, but thought I would give a heads up and ask those more knowledgeable here whether Manager is able or can be made suitable for this change.
It is not so much as “changes to provisional tax payments” but an alternate option.
There is nothing compulsory about it by noting the heading “new provisional tax option” and the included comment “You can continue to use another provisional tax option”
In essence it appears that the purpose of AIM is to have the accounting software take over the calculation of provisional tax payments via analysing your accounts.
It has this leap of faith “AIM-capable accounting software has the functionality to work out if it needs to include adjustments”. So unless your accounting transaction processing is precise AIM could misinterpret it’s own calculations.