Simplifying Tax for Small Business

The New Zealand Institute of Chartered Accountants (NZICA) and Tax Management New Zealand,have released a first draft report to Government proposing radical changes to the current tax system for small businesses in New Zealand.

Titled “Simplifying tax for small business in NZ”, the report targets businesses turning over up to $1.2 million per year and can be found at www.smetax.co.nz. We are now calling for people to submit constructive and critical feedback before the final proposal is tabled to Government early next year.