The Government has introduced new laws regarding GST rules for invoicing, to come into effect from the beginning of April this year.
For every $100 invested in taking a business from no to low digitisation, or low to moderate, can return upwards of $240 according to new modelling.
Enhancements to Tax and EOFY releases for our small business and practice solutions have been the focus since the start of May.
E-invoicing and a major AccountRight upgrade are just a few of the updates and enhancements to arrive in MYOB products in the past month.
A lack of awareness and understanding of e-invoicing could be costing New Zealand’s small business community up to 400,000 hours in admin time each month.
COVID-19 has offered an opportunity to change business for the better, and advisors to small businesses are expecting the Government to make the most of it.
With the release of this year’s Budget, the Government has offered more support to impacted businesses in a bid to boost the New Zealand economy.