Staying true to the core

There is a special ingredient when it comes to small business success and leveraging this ‘special ingredient’ can make all of the difference to the ultimate triumph of the company you worked so hard to build. What is this ‘special ingredient’ you ask? Simple: It’s being small. Small enough that you can cherish your customers… Continue reading Staying true to the core

MYOB’s acquisition of Reckon: ACCC concerned about possible accounting software monopoly

The ACCC has expressed concern about the potential for an accounting software monopoly arising from MYOB’s proposed acquisition of Reckon’s Accountants Group. [Related: MYOB to buy a slice of Reckon for $180m] “If MYOB acquired Reckon’s Accountants Group, it would likely be the only supplier of practice software suitable for medium to large accounting firms,”… Continue reading MYOB’s acquisition of Reckon: ACCC concerned about possible accounting software monopoly

SME owners losing personal time to EOFY prep

Small business operators are working weekends and nights to organize the paperwork necessary to meet their EOFY obligations, according to the latest MYOB Business Monitor – a bi-annual national survey of over 1,000 SME owners. “Many operators are making significant personal sacrifices over and above running their day-to-day business, making EOFY not only stressful but… Continue reading SME owners losing personal time to EOFY prep

How you can save money on accounting software as your small business grows

As your small business expands, you may want to look into new accounting software to keep up with the growing number of invoices, bank transactions and other everyday accounting tasks you are bound to face. But most accounting software in the market includes features you won’t need or ever use.

Depreciation made simple for small business

Depreciation has been made simpler for small business in the 2012-13 income year. There are three primary changes and they may impact your timing of asset purchases.