INDEPENDENT NEWS

Xero congratulates Government for Single Business Number

Published: Thu 30 Aug 2012 04:48 PM
MEDIA RELEASE
Xero congratulates Government for Single Business Number initiative
30 August 2012
Xero congratulates Government for Single Business Number initiative Economic Development Minister Steven Joyce and Internal Affairs Minister Chris Tremain have today announced a single customer number for New Zealand businesses.
See http://www.beehive.govt.nz/release/smart-online-govt-services-make-it-easier-public Xero congratulates the Government for their progress on the initiative, which will accelerate commerce between large and small businesses.
Xero CEO Rod Drury says “A single business number is key to establishing a business’s identity electronically. It will facilitate the electronic sending of trading documents between businesses. It will increase trust, improve cash flow and reduce compliance costs. We believe this will be an accelerator for cloud computing."
The idea for a single business number was raised 3 years ago as the Government consulted with the business software industry. “This was one of the big ideas where we needed Government help,” says Xero CEO Rod Drury.
“New Zealand is leading the world in Cloud Computing. The industry has been proactive with the Cloud Computing Code of Conduct, we are developing world-class global solutions and Government is working well with industry.
The next big decision is whether all businesses receive the identifier. Currently the Companies Register does not include partnerships and sole traders - which are a big number of New Zealand trading entities.
Xero is ready to begin implementing the Single Business Number and will work hard to reduce the effort required for small businesses to implement their new number.
ENDS

Next in Business, Science, and Tech

Westpac NZ Sets Out Plan To Go Cheque-free
By: Westpac
Major New Zealand Upgrade Programme Projects Go To Tender
By: NZTA
Reserve Bank Seeks To Preserve Benefits Of Cash
By: Reserve Bank
Double-dip recession next year, but housing rolls on
By: RNZ
Microsoft Expands “Highway To A Hundred Unicorns” Initiative To Support Startups In Asia Pacific
By: Microsoft New Zealand
Fonterra Farmers Taking Another Step Towards New Zealand’s Low Emissions Food Production
By: Fonterra
Businessman Eric Watson sentenced to a four-month jail term
By: RNZ
OECD Area Employment Rate Falls By 4.0 Percentage Points, To 64.6% In Second Quarter Of 2020
By: OECD
Spark Turns On 5G In Auckland And Offers A Glimpse Into The Future Of Smart Cities
By: Spark
Monthly Migration Remains Low
By: Statistics New Zealand
Proglacial Lakes Are Accelerating Glacier Ice Loss
By: University of Canterbury
Fonterra Sells China Farms
By: Fonterra
Inland Revenue Reminder About The End Of Cheques
By: Inland Revenue Department
Final countdown for Kiwibank cheques
By: Kiwibank
New Zealand Moves To Protect Cash
By: Next Payments
View as: DESKTOP | MOBILE © Scoop Media