#Accountants
5 bookkeeping habits entrepreneurs should adopt
What do all successful businesses have in common? They’ve managed their finances effectively with good bookkeeping habits. Every business – no matter its size – needs an organised financial recording system to keep track of its expenses. Adopt these 5 bookkeeping habits to stay on top of your business’s finances. Invest In the Right Software […]
What tops the SME wish-list at Christmas?
As an advocate for small businesses in Australia and New Zealand, MYOB regularly asks SME owners what they are thinking and feeling about the economic landscape, government policies and generally what they want for the year ahead. Small businesses are the backbone of the economy so their mindset and well-being has a huge impact on the […]
Making friends with your tax audit: What can it teach us?
“Embrace your tax audit” are the last words you’d expect to drop from the lips of a financial advisor, but that’s exactly what the head bean-counter from First Class Accounts is asking us to do. Clive Barrett, Executive Chairman of First Class Accounts, said the very idea of a tax audit struck fear into the […]
Moving to the cloud – Benefits for the accountant/small business client relationship
Cloud migration is a growing trend among small to medium sized businesses in Australia. Accounting practices are also embracing cloud technology – The May 2015 Cloud Readiness Survey from Digital First demonstrates that the shift to the cloud is happening. Nearly half of the respondents (43%) see a major shift to cloud software likely to […]
Accounting practices ‘warm’ to cloud solutions
A survey involving more than 400 practices across Australia shows that accounting firms are embracing cloud technology for themselves and clients. According to The Cloud Readiness Survey from Digital First, 43 per cent of accounting practices are anticipating a shift to cloud software in the next 12 months. The survey revealed that accounting firms understood […]
Accountants – embrace the cloud or lose SME clients
A majority of Australian SMEs will consider replacing their accountant if they fail to make the transition to cloud-based computing software, according to new research by CCH.
SMBs trust gut instincts over professional advice
With gut instincts behind many an entrepreneur’s interesting business idea, it’s no surprise that they then trust these instincts to lead them in running their businesses.
Tax and accounting professionals urged to jump online
A 1000 percent rise in Google searches of tax-related keywords since April has led MYOB to urge tax and accounting consultants to build an online presence now, or risk losing their business to competitors who are online.
Accountants most trusted advisers to small business
Accountants remain the trusted advisers to Australian small business with almost 70 percent of business owners claiming they would consult their accountant on business decisions.
Accountants more important than banks to small businesses
Accountants are trusted advisers to Australia’s small businesses when it comes to streamlining business payments and tax reporting, a recent report finds.
Standard tax deduction in budget ‘rips off Australians’
The $500 standard tax deduction announced in the Federal Budget tonight is a fraction of the average currently claimed by taxpayers.
GST increase predicted to fund Rudd’s hospital spending spree
Australia’s Goods & Services Tax (GST) is predicted to increase as pressure mounts on the Federal Government to fund its recent spending, including the recently minted COAG hospitals agreement.
MYOB enters agreement to get your banking data
MYOB has entered into an agreement with BankLink for the supply of bank transaction data to be used in a range of new MYOB products.
Are Aussie accountants economic superheroes?
For many, if not most Aussie businesses, the global financial crisis followed by a broad and deep international recession plunged owners and managers into uncharted territory. Existing on a steady diet of growth and demand for years, and with few true tests of management and financial acumen, my view is that a fair few businesses were unprepared for the impacts of a new economic reality