READER REPORT:

Lighten up on GST for small businesses

DOUG NORRIS
Last updated 05:00 08/08/2014
Money
Reuters

HELP THEM OUT: The addition of a 15 per cent GST cost often raises the bar too high for small businesses to be competitive, says Doug.

What's your business election wishlist?

Share your stories, photos and videos.

Related Links

What's your business election wishlist? Will you be voting in this election?

Relevant offers

Your business election wishlist

Lighten up on GST for small businesses

We're asking what business benefits would win your vote in the next election.

Doug Norris would like to see more done to help smaller start-ups.

I suggest that the minimum income that makes registration for GST compulsory be raised.

Many people start small businesses by offering their own labour to do things that people can't or don't want to do for themselves. Their customers may not have the required skills, time or inclination.

It is particularly difficult for people to start up businesses as competition can make quoting competitively very challenging.

The addition of a 15 per cent GST cost often raises the bar too high to be competitive.

For many people starting up their own business means economic freedom and less reliance on state-funded help. This has got to be a win-win for everybody.

People who run small businesses are a blessing for all of us. Help with things like a wayward computer, lawn mower, and washing machine need only be a telephone call away.

These small business owners also help with things like garden work that has become too heavy for older people, paint jobs like roofs and high ceilings that would be dangerous for some of us, and many others.

In my opinion, the off-set in benefits to the loss of GST to the state would make the encouragement of raising the GST threshold requirement very worthwhile.


View all contributions
Ad Feedback

Comments

Special offers

Featured Promotions

Sponsored Content