The Pulse

News, views and ideas for your business

Start your business journey with your accountant today
Written by Adam Ferguson
Every business journey is unique. Some may be smooth sailing with a few hurdles along the way, while others may be riddled with obstacles before they hit it big. Whichever way your business journey takes, there are a few characters that will form part of your permanent entourage along the way. One of them is your accountant. Here at MYOB, we love the new spin on an old proverb: Behind every great business is a great accountant.
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Tax deadlines for your business this EOFY
Written by Pam Pitt
Here we go again... another financial year coming to an end soon. As you prepare to trudge through the minefield of payroll and financial year end obligations, here’s a list of the important end of financial year (EOFY) deadlines for your business.
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Are you a guess-a-holic in business?
Written by Michael McCash
After writing the ‘3 Biggest Blind Spots In Stock Management’, I received a number of questions from readers. As I read through each one of them, one common issue became apparent. A crazy amount of businesses were guessing, second guessing and possibly triple guessing their most important business decisions.
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5 simple steps to prepare your business for EOFY
Written by Joe Kaleb
Whether you are a start-up or an established small business, keeping proper records is very important not only for calculating your income tax and BAS payments, but also for determining the financial health of your business. I’ve outlined 5 basic steps you need to do to start preparing for your business’ end of financial year (EOFY).
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Tuesday 21st May

The Latest

16
May

3 tips to make your accountant love you more

Written by Tracey Sharah Businesses, End of Financial Year, Featured, Tax Resources

Tax time — yes, I can hear you shuddering now, but for many businesses it’s time to prepare for the completion of their tax return. My best advice is to get your tax return done early in the year, so you can move onto the next financial year knowing any tax liabilities or refunds that are due. It’s important because you need to know how to meet your tax obligations and claim your business entitlements correctly so that you do not pay more tax than you need to. …

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15
May

MYOB and BankLink unite to define a new era in cloud accounting

Written by Adam Ferguson Accountants, Businesses, Featured

It has been an exciting couple of days due to a major milestone that will transform the future of accounting software in Australia and New Zealand. MYOB has signed an agreement to purchase the Australian and New Zealand operations of BankLink. …

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15
May

How will the Federal Budget affect small businesses?

Written by Liam Shorte Businesses, End of Financial Year, Featured, Tax Resources

Last night’s Federal Budget announcement had some winners and losers. But a budget deficit of $19.4 billion was always going to mean that there would be little or no good news for small business owners, despite Treasurer Wayne Swan’s emphasis on job creation. In truth, small business will be left wanting from the lack of any significant measures designed to make doing business easier, reduce costs, improve education, skills and training, or support business and consumer confidence. …

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14
May

Federal Budget: 5 initiatives to help family businesses

Written by Tim Reed Businesses, End of Financial Year, Featured, Tax Resources

Nearly 70% of all businesses in Australia are family-owned, whether that’s the local news agency run by a husband and wife team, through to the mid-sized, father and son construction company. Ideally, tonight’s federal budget annoucement should cater for family-owned small businesses. It’s no secret they have a significant impact on our economy. More than 2.1 million small businesses employ over 4.8 million Australians (nearly 50% of private sector industry employment), and contribute 34% of gross domestic product. …

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13
May

How to compete with the buying power of big businesses

Written by Colin Dunn Businesses, Featured

In my town of 5,000 people, there are 2 supermarkets (a Woolworths and an IGA). There are also two butchers, a fruit and veg shop and a couple of bakeries, all of which are flourishing. How is this possible? Surely the buying power of the big boys would force the small, local operators out of business? …

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10
May

A good case of the YEPs (Year End Processes)

Written by Alistair Nestor Accountants, Featured

As we edge – ok, rush – closer to the end of financial year, May is a good month to take a step back and assess whether we’re prepared for the busy times ahead. From a personal point-of-view, I know I’ll be spending May and June madly scurrying about ensuring our team of MYOB Live Advisors is best prepared to assist you and your clients with the transition to AccountRight Live. However this week is all about planning for me. It’s all about making sure I know what I need to know before someone else needs to know it! …

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