Tax changes are coming, but it's worth giving it a bit of thought before jumping at the new methods.
From April 1, businesses will be able to choose a different way to calculate provisional tax, provided they use the right kind of accounting software.
Accounting Income Method (AIM) will allow provisional tax to be paid "as you go" alongside GST, if you use cloud-based software for your accounting.
It will mean businesses can pay their provisional tax every one or two months instead of the usual provisional tax dates three times a year.
The IRD says it will become a normal byproduct of business processes and give businesspeople more time to spend on their businesses, rather than administration.