My latest Businessday column is up over at Stuff.
The cost to New Zealand businesses of complying with the changeover to 15 per cent GST and the other tax changes will be at least $275 million, according to my rough back-of-the- envelope calculations.
The upcoming changes should have us all concerned, and small businesses in particular should seek advice on what they need to do before and after the October 1 changeover date.
There are 476,000 active enterprises in New Zealand. The wide scope of tax changes – covering GST, PAYE, ACC payments and the company tax rate – means all will be impacted.