Tag: liveaccountsSubscribe 12 Posts
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.
What is the scarcest resource business owners have? No, it’s not money, staff or raw materials. In fact, it’s none of the conventional ingredients that come to mind to make up a business.
Minimising tax liability is always a huge focus for your clients. Your expertise is relied upon to ensure a business’s financial plan is executed in the most tax-efficient manner possible. Asset realisation, insurance proceeds, capital allowances, bad debt write-offs – there are so many factors that need consideration when providing advice.
Last year we shared with you behind the scene stories of our video project, where we highlight a few of our successful small business clients. Filming the videos was an uplifting experience for me. Our mission at MYOB has always been to produce great accounting software that makes business life easier, and with this project I got to see the other side of the story - the inspiration behind small businesses, their journeys, trials and successes. We're featuring 3 different businesses of different sizes. The one thing they have in common – besides being passionate and hard working – is that they are using MYOB’s accounting software. Watch the videos to hear Fiona, Dan & Joanne, and Eden talk about their business journeys on what they do, how they got into business and what worked for them. 1. Fiona Jefferies from Diva Works, creates and manages displays and exhibitions for all types of businesses and uses AccountEdge Basic http://www.youtube.com/watch?v=yfzEYbpfXJc 2. Dan and JoAnne Fitzsimmons from The Coffee Roaster, run a specialist coffee roaster and supplier using AccountRight Premier http://www.youtube.com/watch?v=LvlvrKeieUA 3. Eden Connell from Zoom in with Eden uses LiveAccounts for his photography business. http://www.youtube.com/watch?v=Ucax1gMobcg P/S: Shout out to our very own professional cameraman/editor Andrew Beck, who has done a fantastic job in putting these videos together.
Hello! It’s been an incredibly busy time here in the LiveAccounts development room. We really hope you’re enjoying the changes we’re making. As you’re probably aware, our main development work recently has been around payroll. We were so excited to release payroll for our New Zealand clients on 1 April, ready for the new financial year. The feedback we’ve received has been great which pleases us no end. How did we improve payroll? We extended the original functionality to include: splitting a pay between two bank accounts adding smarts to exclude super contributions when earnings are below $450/calendar month added multiple overtime rates entitlements (accruals) payment summaries and (drum roll please) the ability to email or print individual payslips! In the building or construction industry? Find out more about the reportable payment obligations and how simple LiveAccounts has made it to comply with them. What else have we done I hear you ask? You will find we have: improved the general journals page made it easier to see related transactions on invoices and expenses fixed the MYE import facility into MYOB Accountants Office tinkered under the bonnet to speed up a few areas. We are now squarely focusing on invoicing. On that point, if there is something you’d like improved in invoicing, drop us a line at firstname.lastname@example.org we’d love to hear from you. Until next time, Richard Puffe | Product Manager, LiveAccounts | MYOB
From 1 July 2012, businesses in Australia, who are in the building and construction industry need to report to the ATO each year, the total payments they make to each contractor for building and construction services. Businesses need to report if they: are in the building and construction industry make payments to contractors for building and construction services, and have an Australian business number (ABN). The first annual report is due 21 July 2013 for payments made in the 2012–13 financial year. In this first year businesses that lodge their business activity statement quarterly, may lodge by 28 July 2013.
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