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John Cantin: Tax changes will take pressure off SMEs

Author
Newstalk ZB Staff ,
Publish Date
Thu, 14 Apr 2016, 8:09am
KPMG tax advisor John Cantin spoke to Rachel Smalley (Getty Images)

John Cantin: Tax changes will take pressure off SMEs

Author
Newstalk ZB Staff ,
Publish Date
Thu, 14 Apr 2016, 8:09am

Some pressure will be off small businesses with the government's new tax measures that will finally address the issues that business owners face from day-to-day.

Small-to-medium businesses will now have options around how they pay provisional tax.

It's been costing them a lot of money in interest payments.

KPMG tax advisor John Cantin told Rachel Smalley for small businesses it's hard to predict from year to year how much they're going to earn.

He says that means they have to estimate, and invariably they get it wrong.

"What they're now getting is some comfort. If they look at last year's tax, they say that's how much I have to pay, I pay the same amount this year, the interest that is going to be charged is zero until the first instalment date."

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