03 Mar '12, 1am

Reduce operating cost for small business

In his Budget for 2012, the Minister for Finance has recognized the need to help small companies offset their operating cost . He is offering a cash grant of $5,000, which is helpful in the short term. Over the longer term, it is important to bring down the cost of doing business, to help our companies, big and small, to remain competitive. There are a number of inefficiencies that need to be addressed urgently: Heavy compliance cost of GST, especially to small businesses Online processes of government agencies, which saves a few minutes for the agemcy but adds hours to the time taken by the public Inadequacy in the payment infrastructure, which result in most businesses still using checks to make payments Heavy reliance of communicate by physical mail instead of electronic mail We have to move more quickly to update our laws and practices to facilitate the use of electron...

Full article: http://tankinlian.blogspot.com/2012/03/reduce-operating-c...

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