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SBR – Standard Business Reporting

Posted 9 years ago in Advisors by xero
Posted by xero

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:

Bronwyn Mullions
Communications Manager
SBR Programme
0064 4 474 2643

We think this is a great government initiative, and we’re keen to hear your views.

One comment

Stuart Bale
April 16, 2009 at 11.59 am

As an addendum, unfortunately the SBR programme isn’t continuing in its anticipated form.
However our involvement with NZ government agencies goes on, as we work to streamline and improve the reporting requirements of businesses and accountants.

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