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Yes tradies already use a barter system. Its is called cash. It comes with a problem for the tradies. He cant spend it on legit items.

Yes Rolf. For most small businesses the costs of staffing is their largest outgoing (after inventory if they have it). If they will bring fwd payroll withholding I can guarantee that the quarterly GST remittance wont last long. The standard in NZ is a two month period. I would expect that...

Yes - The large remitters wont use this system however. Their ERP (SAP{/ Pronto etc etc) software will need to use the XBR process that this new software seeks to use. The proposed new software just seeks to bring small business in line with large remitters I fear. Maybe never weekly but within...

I have often speculated that the Govt will one day realise that it can accelerate access to employee taxes (and take that cashflow benefit from employers !!) if it could integrate payroll in a way similar to PAYE withholding in NZ. In NZ the employers report each fortnight and pay the tax...