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21
May
Read MoreStart your business journey with your accountant today
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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20
May
Read MoreAre you a guess-a-holic in business?
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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16
May
Read More5 simple steps to prepare your business for EOFY
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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16
May
Read More3 tips to make your accountant love you more
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
Read MoreMYOB and BankLink unite to define a new era in cloud accounting
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
Read MoreHow will the Federal Budget affect small businesses?
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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