The NSW Opposition Leader – Barry O’Farrell visited RedBalloon this morning to make an announcement on his ‘Economic Growth Plan’. They were very deliberate in chosing a fast growth business with a strong employee engagement record as a venue for the announcement.
It was an interesting experience having eight or so party people and three politicians visit, however it was the 20 media people with all their equipment which took over RedBalloon.
Barry chatted with the team, I got to have a word in his ear about the challenges businesses
face with compliance and the disincentive payroll tax represents to employment. But also I showed him some of the fabulous work we have been doing in Australian businesses regarding employee engagement. He was particularly interested in the simplicity of our RED (recognition every day) Toolkit and how we are rolling this out to employers across the country.
Some journalists were interest to know my reaction to the announcement ie of ‘reducing payroll tax burden,’ and reducing red tape by 20%’. These things all sound fabulous to me as a business owner. It is not the idea that counts (as in business) it is all about the execution. I look forward to experiencing the results of these policies.
This is what I officially said:
“Small Businesses in NSW have long asked for greater simplicity in reporting and the removal of red tape,” said Simson, whose small business grew from one employee ten years ago to over forty employees today.
“Service industries are fundamental to Australia’s business success. But today’s taxation reporting is stifling for small business. It is the cost of collection as well as the financial burden that puts pressure on us. No wonder so many small businesses term it a disincentive to grow.”
With RedBalloon making the BRW Fast Lists six times, the red tape has not necessarily slowed down this NSW small business, but Simson wonders how much bigger, and faster, the business growth could have been.
“Here we have an opportunity to emphasise and illustrate the potential and value to both the economy and government revenues of dramatically simplified business reporting and taxation systems,” she said.