Gordon Hill

Gordon Hill

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    Existing Govt schemes are helping small business

    19/01/1993 12:00 AM
     
     
    Small Business Minister Gordon Hill says existing Government initiatives are helping small businesses in Western Australia cope with their bookkeeping responsibilities.
     
    "Recent media reports suggest that the Tax Office is embarking on a three-year program to check the standard of bookkeeping at thousands of WA businesses," Mr Hill said.
     
    "The reports suggest that business people risk attracting additional, unwanted attention from tax auditors if their records consist only of a few cheque butts and reams of paper," Mr Hill said.
     
    "The Government, unlike the Opposition, is mindful of the additional strain that paperwork and unnecessary red-tape places on businesses.
     
    "That is why we would not impose a new tax - a GST - on small business.
     
    "This is a timely reminder that services and programs now exist to help small businesses keep adequate financial records, particularly for tax purposes," Mr Hill said.
     
    The State Government established the SBDC in 1984 to assist and encourage the small business sector in WA.
     
    Each week, 'First Base' - its one-stop shop, distributes to its small business clients, about 100 of the taxation office's guides to small business taxation.
     
    "The centre sells a range of publications on financial records required for small business clients and provides clients with the opportunity to view videos and study reference books on the subject," Mr Hill said.
     
    "The SBDC also plays a valuable education role, holding regular workshops on financial management, covering amongst other things, simple accounting systems."