#Myob
MYOB and Microsoft join forces to bring AI tools to Australian small businesses
MYOB and Microsoft have announced a five-year partnership to embed AI tools directly into the platform millions of Australian small businesses already use.
5 ways to improve retention of millennial employees in your business
Loyalty and engagement aren’t necessarily easy to foster in millennial employees. But with the right approach, any manager can make the workplace a better environment for their staff. Many things affect how successful your business is and how quickly it grows. There are your marketing and sales strategies, the clientele you target, your choice of […]
8 tips for maintaining cash flow during the festive season
Juggling cash flow is hard at the best of times in small business, but it’s super tricky during the Christmas and New Year period when many businesses close and consumers go on holiday. If you find the silly season a little stressful, you’re not alone. All small business – regardless of industry sector – struggles […]
MYOB subject of $1.75bn private equity bid
US private equity firm KKR & Co has launched a conditional $1.75 billion takeover offer.
MYOB sets new benchmark for online collaboration
Cloud-based business solution launches new products.
Budget: MYOB wants govt to ‘draw a line in the sand’ with the $20k instant asset tax write off
The permanent continuation of the $20,000 instant asset tax write-off scheme for businesses with up to $10million in annual revenue tops the Federal Budget wish list of Australia’s SMEs, according to research undertaken by MYOB. Originally set to conclude after 30 June 2017, the scheme was extended until 30 June 2018 by the 2017/18 Federal […]
MYOB to buy a slice of Reckon for $180m
Cloud accounting provider Reckon is selling a 120-person division to rival MYOB for $180 million as it looks to – in the words of Group CEO Clive Rabie – “narrow [its] focus on the small business accounting software market”. Subject to regulatory approval by the ACCC and the NZCC, MYOB will acquire the assets of […]
SMEs engaging freelancers to cut expenses
Australia’s SMEs are increasingly turning to short-term freelancers in a bid to reduce their overheads, according to MYOB. As part of its SME Snapshot for November, the cloud accounting provider surveyed 395 SMEs about the freelancing economy. Of the SMEs that had used a freelancer in the last six months, a majority (89%) indicated they […]
The Federal Government opens new round of grants to address a shortage of women in STEM
The second round of the Federal Government’s $8 million Women in STEM and Entrepreneurship (WISE) grants program is now underway, with organisations encouraged to apply for funding to support activities that eliminate barriers to girls and women pursuing STEM education, careers and businesses. Funding between $5000 and $250,000 is available to businesses, not-for-profits, education provider […]
MYOB pledges to make a submission on Australia’s digital future
Australasia’s largest business management software provider, MYOB, supports the Government’s decision to encourage Australians to have their say on the nation’s digital future, following yesterday’s announcement of the Digital Economy Strategy. MYOB chief executive Tim Reed said the company would take this opportunity to make a submission on behalf of its 1.2 million small business […]
Fintech lender Waddle heads to NZ to offer funding solutions to high-growth sectors
Sydney fintech startup Waddle is expanding into New Zealand due to strong interest for its cloud-based funding software technology amongst SMEs from the neighbouring nation, its co-founders explained. Founded in 2014 by high-school friends Simon Creighton, Leigh Dunsford and Nathan Andrews, the SME lender integrates with accounting software platforms and provides businesses with a real-time view […]
Amazon’s impending entry into Australia is forcing SMEs to adopt innovative technology
Three in four SMEs (76%) have invested in technology over the last 12 months to boost their innovative capacity, according to research undertaken by cloud accounting provider MYOB. Other key findings from MYOB’s latest Business Monitor, which involved a survey of more than 1000 business owners and directors, also found that: Almost a third of […]
When small business suppliers are paid late, this “slows down cash flow for all”: MYOB
Companies that sign-up to the voluntary Australian Supplier Payment Code commit to not only paying small business suppliers within thirty days of receiving a correct invoice but also helping them implement technologies and practices to speed up invoicing. The code is an initiative of the Business Council of Australia (BCA), which believes that it will […]
Cloud accounting advancements have led to more SMEs doing their own tax, says MYOB
An increasing number of small business owners will complete their tax returns themselves this year, according to research undertaken by cloud accounting provider MYOB. The company’s June SME Snapshot revealed that 41% of owners plan to complete their own returns, up from 41% last year. John Moss, MYOB’s chief strategy officer told Dynamic Business that […]
A permanent $20k tax write-off for SMEs would help arrest government distrust says MYOB CEO
Ahead of this week’s Federal Budget, two-fifths of the small business community are not confident of a favourable outcome, according to research undertaken by accounting software provider MYOB. Dynamic Business asked MYOB CEO Tim Reed to unpack the findings of the company’s SME Snapshot, a monthly survey of small to medium businesses from its customer […]
Job Seeker platform Found scores $2.5m in capital and recruits new business advisors
Mobile recruitment platform Found has closed its most recent funding round, bringing its total funding to $2.5 million. Red Bull Holden Supercars owner Roland Dane, Dimmi founder Stevan Premutico and MYOB CEO Tim Reed have come on board as investors, with the latter two joining Found’s advisory board. Established by Andrew Joyce and Peter Marchiori […]
Call for government to consider UK regs to help ensure big businesses pay SMEs on time
The Coalition has been urged to follow the example set by the UK Government and introduce legislation to deter big business from making late payments to SME suppliers. From April 2017, large companies and limited Liability Partnerships (LLPs) in Britain will be required by law to publicly report twice a year on their payment practices […]
A permanent $20,000 instant asset tax write-off for businesses tops SME wishlist, MYOB finds
Seven in ten small businesses want the $20,000 instant asset tax write-off to continue past 30 June, this year, when it is due to expire, according to accounting software provider MYOB. The latest MYOB Business monitor, a bi-annual survey of more than 1,000 small businesses, asked operators what policies they would and wouldn’t vote. MYOB […]
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 […]
One in four SME owners are juggling businesses
Two in five SME owners either operate multiple businesses or plan to, according to new research from MYOB with Tim Reed, the cloud accounting provider’s CEO, declaring “the great Australian entrepreneurial spirit is alive and well.” Findings from MYOB’s latest SME Snapshot – a survey of 589 business owners – indicate that a quarter of […]
Setting goals and measuring progress: a public commitment to success
We all love to dream of success. Unfortunately, dreaming about success is unlikely to help you actually achieve it. Setting goals and measuring your progress is a simple, formal way to set you on the path to achieving those dreams. It is a first step in formalising your business planning and management. The mere act […]
Big businesses can help eliminate barriers to SMB owners growing their super, says MYOB
Small to medium business owners are diligent when it comes to meeting their superannuation obligations to staff but growing their personal super is ‘not top of mind’, according to Tim Reed, CEO of cloud accounting provider MYOB. He told Dynamic Business that government and big business must play a role in eliminating barriers to owners making super contributions. […]
Three in four business owners believe the Coalition’s SME policies won’t pass: MYOB
While a majority of business owners are pleased with the return of the Turnbull Government, only one in four (27%) are confident the SME policies the Coalition brought to the election will pass, according to new research from MYOB. “The latest MYOB SME Snapshot confirmed that many of the policies the government took to […]
Building a millennial flytrap – attracting and retaining the next generation of workers
Millennials have never been more important to Australian companies than today. In fact by 2020, millennials are expected to make up half of the Australian workforce, with their numbers set to reach 75 per cent by 2025. With this in mind, what do business owners need to know about this generation? Millennials are known to […]