Businesses find red tape taxing

Map Business accountants and advisers owner Geoff Redpath believes businesses spend too much time on government requirements and approvals.
Map Business accountants and advisers owner Geoff Redpath believes businesses spend too much time on government requirements and approvals. Alistair Brightman

ON THE back of new federal figures that show tax red tape is a 500-hour per year burden on businesses, Fraser Coast operators have stressed the impact of other red tape on the region's businesses.

Researchers at University of New South Wales surveyed 159 businesses across the country and this month released figures that showed those businesses spent up to 493 hours and $28,000 per year on filling tax obligations.

Map Business Accounting and Advisers owner Geoff Redpath said while the survey results did not reflect tax costs for Fraser Coast businesses, he stood firmly behind the theme of the report in that red tape had majorly slowed businesses down in the past two decades.

He said the figures in the study absolutely reflected the heavy burden of government-required approvals, licences and other paperwork that had only grown since the survey began in 1995.

Mr Redpath said the lack of sharing between government departments meant businesses were left frustrated at having to give the same information over and over again.

"They want the government to move in to the 21st century," he said.

Maryborough Matilda owner Gary Jensen agreed that both federal and state red tape had gotten out of hand and agreed with the report's figures on federal tax.

As a small business owner, Mr Jensen said he especially felt pressured by the level of environmental requirements from government departments.

"It just seems to be a cash cow to make money off businesses," he said.

"There is no real community benefit," he said.

Both business figures agreed the time invested in government record-keeping and approvals had impacted on the ability to run a profitable business on the Fraser Coast.

Mr Jensen said legislators needed to look at government business requirements collectively rather than individually.

Topics:  australian government, business, red tape, tax, university of new south wales



Local Real Estate

finda logo
Featured Real Estate
STEEL FRAME HOMES OWNER... STEEL FRAME HOMES OWNER BUILDERS Great deals to suite each Individual. Quality, ...
FULLY SELF CONTAINED MOD... FULLY SELF CONTAINED MOD HOMES $14,990K for 6 x 2.4 x 2.5m ...
FOR SALE - POINT VERNON... $165000.00
POINT VERNON Spacious park home 2 bedroom lounge dining room side verandah ...
AUGUST SPECIAL $24900.00...
Cabin 9x3m, bathroom, bedroom, lounge, kitchen, colorbond finish, gyprock, cornices + FREE (to ...

Featured Jobs

finda logo

Fraser Coast jobs listed daily

Featured Jobs
Retail Sales... Torquay Full Time
GENERAL MANAGER ... Gladstone Full Time $120 - $150
NURSE RECEPTIONIST Hervey Bay Part Time


Local Partners

LATEST DEALS AND OFFERS

Job Listings

Search for your next job now.
Learn More

Cars For Sale

Find cars for sale online now.
Learn More

Property Listings

Search for a property online right now.
Learn More

Local Profile

Stay Connected

Get the news as it happens, in your inbox

You can change the newsletters you are subscribed to when you edit your profile

Edit Profile


Special Offers

Latest deals and offers

View today's ePaper!

Read the digital edition
Learn More

Horoscopes

Virgo

A small offensive can be more effective than a full-scale battle. Pick your battles wisely. Investment wise though: No point in playing it...

read more

Marketplace

Special Offers & Promotions

Compare & Save