INDEPENDENT NEWS

EMA welcomes practical help for small businesses

Published: Tue 3 Dec 2019 04:52 PM
The EMA was pleased to see the practical measures included in the Government’s Small Business Strategy, which will improve the cash flow of small to medium enterprises (SMEs) because they will get paid more promptly.
Developed by the Small Business Council and Minister for Small Business, Hon Stuart Nash, the strategy includes 20 recommendations aimed at empowering small businesses to not just succeed, but thrive.
EMA Chief Executive Brett O’Riley says it is heartening to see the backbone of New Zealand’s economy - and the vast majority of its 7600 business members - receiving additional, practical support.
"Unlike big businesses it’s a fine line for SMEs between keeping their heads above water and sinking into debt, largely dependent on effectively managing cash flows."
"We applaud the Government taking the lead on prompt payment practices with 95 per cent of its departments paying domestic invoices in 10 business days by mid next year, and hope others follow suit," he says.
Mr O’Riley says the Small Business Council quite rightly identified that there is often one person juggling a number of tasks across a range of functions in SMEs.
"They need to have knowledge across a lot of different areas - from payroll to compliance - which is where the EMA helps its member businesses," he says.
"We welcome the recommendations in key areas of the strategy, including access to finance and capital, building capability and skills, and reducing the compliance burden," he says.
"These things are fundamental to helping small businesses grow and be more productive, for the good of our economy as a whole."

Next in New Zealand politics

National Will Restore Farmer Confidence And Pride
By: New Zealand National Party
Wealth tax not a bottom line for Green Party but they will push for it - Shaw
By: RNZ
More Border Exceptions For Critical Roles
By: New Zealand Government
Watch: PM Jacinda Ardern announces decision on alert levels for Auckland, rest of New Zealand
By: RNZ
Dunne Speaks: The Election Campaign Just Grinds Slowly On And On
By: Peter Dunne
Electoral Commission: Candidate And Party Lists Released
By: Electoral Commission
National Releases Its Plan To Restore NZ’s Prosperity
By: New Zealand National Party
New Zealand First Party List
By: New Zealand First Party
Arriving Travellers In Isolation To Be Able To Vote By Telephone
By: Electoral Commission
Primary Sector Exports And Jobs Up Again
By: New Zealand Government
Environment And Climate Will Be Decimated By National’s Dangerous Agriculture Policy
By: Green Party
Feds - Suitably Impressed At Week Of Positive Agriculture And Horticulture Policy Announcements
By: Federated Farmers
National Promises Dirty Rivers And More Fuel For Climate Fires - Greenpeace
By: Greenpeace New Zealand
Radical Green-Labour Government Puts Recovery At Risk
By: ACT New Zealand
Wealth Tax Demand: Only Jacinda Ardern Can Rule It Out
By: New Zealand Taxpayers' Union
View as: DESKTOP | MOBILE © Scoop Media