The nightmare that is the new international accounting standards, IFRS, has been exempted for NZ small businesses until the government finishes its review next year. Over on the Xero blog there is a post about it and I’d concur with Hamish’s comment for small businesses to keep an eye on this and start flexing their collective muscle if it looks like they’ll be bought under the IFRS rules.

IFRS means expense – NZ SME’s have enough compliance cost as it is!

Ben Kepes

Ben Kepes is a technology evangelist, an investor, a commentator and a business adviser. Ben covers the convergence of technology, mobile, ubiquity and agility, all enabled by the Cloud. His areas of interest extend to enterprise software, software integration, financial/accounting software, platforms and infrastructure as well as articulating technology simply for everyday users.

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