GST rules cost SMEs $13.7 billion a year

By Guillermo Troncoso · 24 February 2015 · Accounting

GST rules cost SMEs $13.7 billion a year

GST Rules Burdening Small Businesses

Small businesses are losing millions due to GST compliance. Find out how much time and money they're wasting on tax obligations every year.

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Summary

New research reveals the average SME spends over two full working weeks (84.1 hours) every year in gathering tax on behalf of the Australian Government.

Tags: ATO, GST, Small Business, SME's, Tax, Tax Reform, tax regulations