The Pulse

News, views and ideas for your business

Saturday 28th February

The Latest

  • 11

    First impressions of the MYOB2015 Roadshow

    The first impressions of MYOB2015 Roadshow are in, and we've had some great feedback! I caught up with a handful of accountants during the launch on Monday 9 February and asked them for their thoughts. If you’re already booked in to attend a Roadshow near you, we’ll see you there. Read on to get a taste of what to expect. If you haven’t yet decided to attend, please do – there’s lots to show and tell and chat about together. Here’s what Melbourne’s accountants had to say about MYOB2015 Roadshow … Kevin Hoy PGP Consulting, Melbourne CBD Q: WHAT BRINGS YOU TO ROADSHOW TODAY? Kevin: Just to see what’s going at …

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  • 04

    How to maximise the sale price of your business

    In your wildest dreams It’s Saturday morning, and you are sitting in your kitchen with your spouse enjoying a leisurely breakfast, when all of a sudden there’s a knock at your front door. You both look at each other and wonder who could it be. The gardener is not due to come today. You know that your family didn’t plan on visiting you this morning, and most of your friends simply just don’t drop in unannounced. So you get up and go to the front door and open it. There’s a strange man standing on your porch, and he’s looking at you with a smile on his face. The conversation goes like this: You: “Yes can I help you?” Stra …

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  • 02

    5 tips for proactively protecting your business identity

    Your business identity is often the greatest asset of your business, and also the asset most prone to damage. The lifeblood of many SMEs is repeat customers and new business arising from referrals. A business’s reputation among its customer base is paramount. Every business should have a strategy in place for protecting its brand identity. For many businesses, the strategy need not be as methodical and aggressive as strategies employed by mega-corporations such as McDonalds. However, business owners should be aware of the major threats to the brand identity and the best way to counter those threats. The following are five practical ti …

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  • 28

    5 signs you need an accounting system upgrade

    How do you know it’s time to upgrade your car? You might have had it for a while and after driving lots of kilometres, it costs more to run, doesn’t drive as well as it used to, and needs more frequent services. That’s when you know you need to upgrade your car — but how about upgrading your accounting system? At what point is your accounting system holding back the growth of your business? Here are five tell tale signs that you need to upgrade your accounting system: 1. You are spending too much time on financial record keeping, or worse still you aren't keeping the financial records up to date As the business grows, so do …

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  • 23

    What should I do with my profits?

    So your business has being doing well and you have a decent, consistent profit at last. Then you look at the options of taking more salary or a dividend, and you see the tax man wants his share. Even if you leave the profits in the business, the ATO will still want a share of the pie. I see so many clients who react to this situation by wasting funds — either by taking too much out of the business and being taxed heavily, or reinvesting it within the business in areas that add no value. How many people upgrade the office and do revised shop fit-outs on their vehicles and IT just because it is tax deductible, when it was not really needed …

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  • 21

    What every business owner should know about payroll

    Payroll, often conducted by a payroll specialist, ensures that every employee is paid accurately and on time. But what level of experience is needed to conduct payroll? With a growing number of businesses adopting payroll software, it’s sometime the business owner themselves who make the pay runs. Having said this, some business owners can be overwhelmed by the responsibilities that come with payroll and look to hiring a payroll specialist. Among businesses hiring for a payroll specialist, 67% of job listings say that applicants are either required or preferred to have prior experience with specific payroll systems. The results from …

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