The Hon. Steven Joyce, Minister for Economic Development and The Hon. Craig Foss, Minister of Commerce have today announced a Single Business Number for all businesses by 2017.
The Government has committed to introduce legislation early in the next term that will specify the deadline and extend the ability to allocate the NZ Business Number to all NZ businesses.
Xero will invest to bring the benefits of a Single Business Number to our (already) over 100,000 small business customers in New Zealand. We’re excited by the opportunity for the private sector to work alongside Government to reduce the costs of compliance for small businesses and create entirely new services over the business number that will streamline business.
We’re super proud to have been behind this since the beginning. This next step builds on what we talked about at the launch of the Single Business Number and at Xerocon earlier this year, so we really welcome today’s announcement by the government to broaden and include all businesses, such as sole traders.
Businesses will only have to provide their information once, rather than different information to a host of government agencies – reducing costs and generally making it easier for businesses interacting with government agencies. It’s also very exciting that there is a view to link with similar initiatives in Australia.
Today’s announcement reflects a new wave of thinking that Xero is right behind – working with Government to make life easier for small businesses and give them every opportunity to prosper.