Small business understands more
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Tuesday, 2 May, 2000 - 22:00
SMALL business operators’ understanding of the GST has improved substantially in the past six months, according to the Small Business Development Commission’s May 2000 Small Business Opinion Survey.
Almost two-thirds of small business operators now report a ‘reasonable’ understanding of the new tax, compared to 43 per cent in November 1999.
More than 75 per cent had registered for GST and obtained an Australian Business Number.
A further 15 per cent and 16 per cent respectively had indicated they intended to register for the GST or obtain an ABN by 1 July.
Almost two-thirds of small business operators now report a ‘reasonable’ understanding of the new tax, compared to 43 per cent in November 1999.
More than 75 per cent had registered for GST and obtained an Australian Business Number.
A further 15 per cent and 16 per cent respectively had indicated they intended to register for the GST or obtain an ABN by 1 July.