SBR – Standard Business Reporting
Stuart Bale, our General Manager – Accounting Partners, has recently become involved with the SBR – Standard Business Reporting programme. This is an initiative set up across the MED, IRD, ACC and Statisitcs New Zealand, that is committed to reducing business reporting and subsequent compliance costs.
We invited Bronwyn Mullions, Communications Manager for the SBR programme, to write an introductory piece on the SBR for our accounting community:
Standard Business reporting – business reporting made easy
Standard Business Reporting (SBR) is a cross-agency government initiative involving the Ministry of Economic Development, Inland Revenue, Statistics New Zealand and ACC.
SBR is focused on reducing reporting costs for business by simplifying the financial reporting process for providing information to government. SBR will free business owners up to focus on more core business activities.
If given the go ahead from government early next year, SBR will deliver an electronic business-to-government connection so businesses can send their financial data directly to government from their own accounting software package or through a business portal for those that don’t have the necessary software.
The SBR Programme is currently focused on finalising the Interim Stage 2 Business Case which is due to be submitted to Cabinet for a decision in early 2009. If approved, the implementation of SBR will be phased over a three year period ending in 2012.
Further information on the New Zealand SBR Programme is available by contacting our communications team at:
0064 4 474 2643
We think this is a great government initiative, and we’re keen to hear your views.