Support for local SMEs

Thursday, April 28, 2016

Below is a brief update on some Government initiatives that may be of interest to small and medium business owners in the Port Hills electorate.

The Government recently announced changes to the provisional tax system. This reformed system will offer a new pay-as-you-go option, enabling smaller businesses to pay tax as they earn income from 1 April 2018. This will make paying tax easier and more certain. You can find out more and comment on the tax package proposals at Making Tax Simpler.

We have also recently launched an innovative new online service called Business Figures. Using data from a range of sources, including Statistics NZ, this free service allows you to find relevant information about your industry.

The updated Employment Agreement Builder makes it easy for small business owners to create employment agreements online. By following the step-by-step guide, you can quickly determine what you need to include when hiring a new employee.

It is important to me that our local businesses can focus their energies on building their businesses, not navigating red tape. The Business.govt.nz Compliance Matters tool makes it easy to find all your business compliance requirements in one place.

If you are a small or medium business owner, I would welcome the opportunity to visit your business to hear your thoughts on these initiatives and other issues important to you. If you would like to arrange a time, please contact me at 03 384 0008 or nuk.korakomp@parliament.govt.nz.