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 is an analyst, an entrepreneur, a commentator and a business adviser. His business interests include a diverse range of industries from manufacturing to property to technology. As a technology commentator he has a broad presence both in the traditional media and extensively online. Ben covers the convergance 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. More on Ben
