Less than 10 per cent ready for GST

The survey of 200 SMEs found that 91 per cent of respondents did not think they were prepared for the introduction of the GST, while 75 per cent had sought advice on how to implement the tax.

Although 66 per cent said they still had a lot to learn about how the tax would affect their businesses, 48 per cent said they believed it would have a negative effect on their bottom line. Significantly, 23 per cent of the SMEs surveyed said they had done nothing in preparation for the new tax system.

The results were released at the launch of the latest "GST solution": the Interactive GST CD-ROM for Business, a tool designed to assist accountants and businesses through the GST transition.

The CD-ROM is the result of a partnership between financial software developer Quicken, interactive consultancy The Gang of Four, the Commonwealth Bank, and tax information provider CCH.

The complimentary CD-ROM, which will be sent to accountants and businesses, includes a video on details about the tax and a questionnaire designed to "tease out the information" required to produce a "road map" for businesses to become GST compliant, said Quicken's managing director, Greg Wilkinson.

Business owners, or accountants operating on their behalf, will then be required to pay $295 (excluding GST) for a PIN number with which they can access a 50-page report outlining the issues they have to address to become GST compliant.

Wilkinson said the group will have access to approximately 900,000 accountants and SMEs through those connected with the CBA, registered Quicken users, and through CCH which has a 100 per cent reach into the local accounting market.

Join the newsletter!

Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection
Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

David Smedley

PC World
Show Comments

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Ben Ramsden

Sharp PN-40TC1 Huddle Board

Brainstorming, innovation, problem solving, and negotiation have all become much more productive and valuable if people can easily collaborate in real time with minimal friction.

Sarah Ieroianni

Brother QL-820NWB Professional Label Printer

The print quality also does not disappoint, it’s clear, bold, doesn’t smudge and the text is perfectly sized.

Ratchada Dunn

Sharp PN-40TC1 Huddle Board

The Huddle Board’s built in program; Sharp Touch Viewing software allows us to easily manipulate and edit our documents (jpegs and PDFs) all at the same time on the dashboard.

George Khoury

Sharp PN-40TC1 Huddle Board

The biggest perks for me would be that it comes with easy to use and comprehensive programs that make the collaboration process a whole lot more intuitive and organic

David Coyle

Brother PocketJet PJ-773 A4 Portable Thermal Printer

I rate the printer as a 5 out of 5 stars as it has been able to fit seamlessly into my busy and mobile lifestyle.

Kurt Hegetschweiler

Brother PocketJet PJ-773 A4 Portable Thermal Printer

It’s perfect for mobile workers. Just take it out — it’s small enough to sit anywhere — turn it on, load a sheet of paper, and start printing.

Featured Content

Product Launch Showcase

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?