For business owners it's fantastic. No more collecting tax for the government. Like most small business the Tax collected gets wrapped up in the cash flow. Then there's the crippling 10% fine and 10% interest if paid even a day late. So now the playing field is you pay the tax on the product now it's up to you to collect it.
So when people come in wanting a CASH DEAL forget it , I need my taxes back thank you very much JAVINDER !!! . (just a random name could have been Bob, Sally, Gurg, Mandeep,Parm...)
So for small business accounting became much better simple, the government should also be running with 50% more efficency and we should see that savings in our taxes soon I hope. Although eating out and paying 12% plus 15% tip is getting expensive but is sucking down 12 MArguritas necessary ?