Friday 30th March 2012
Happy Friday! There’s just two more sleeps until the End of Financial Year – and most businesses should be busily tying up all the odds and ends to ensure they’re ready to start the new FY organised and ready to go. (or enjoying a well earned drink because they got themselves organised weeks ago!) Don’t forget, the MYOB support team will be available from 9am – 5pm on Saturday and Sunday to help you with any EOFY queries or questions you might have.
Before you run off to enjoy another weekend, make sure you check out latest from the news sites…
Reports arose last week that some private and public agencies around the country are asking job seekers for their social media credentials, in order to log in and check out what their online profiles really look like. Facebook has hit back at this development, by warning job applicants not to hand them out – stating that it is in breach of their long standing policy against sharing passwords.
Struggling to assess your online marketing campaigns? You’re not alone. Many business owners don’t understand how to measure ROI, and how to interpret the data to improve. Enter this great tool from Hubspot. You simply enter your website’s URL into it and it gathers data you can use to improve your online marketing. It uses a number of metrics to assess your efforts, and is a great guide to ensuring you’re doing the basics to get your website found and ultimately, to get sales.
More and more businesses are being born from their owner’s hobby or passion, especially as we strive towards that illusive work life balance. But make no mistake. Turning that weekend past time into a fully fledged business that will also pay the bills is no easy feat. These great steps will help set you up for success, and make sure you’re on the right track from the get go.
This financial year, there’s plenty of changes to the payroll system, with Kiwi Saver, ESCT and Student Loan contributions affected. Are you across them all? We’ve put together a great guide to help you get your head around what’s changing, and what every employer needs to know before April 1.
It’s never too early, or too late, to start planning ahead. As the financial year comes to a close, now is as good a time as any to reflect on business operations and find ways to work smarter. In fact, with up-to-date, accurate financial information readily available, it’s possibly the best time to compare your 2012 tax year performance against previous years’ data. Learn how to set your business up for success in 2012
Have a fantastic weekend!
Allocating a funds transfer between bank accounts
In business you’ll occasionally need to transfer funds from one bank account to another. Let’s look at an example of how you now do this in LiveAccounts.
Say you’ve paid your credit card using funds from your main bank account. If you’ve got your bank accounts linked or have imported your bank transactions via a QIF file, you’ll see there’s a withdrawal transaction from your cheque account: Read more
ACC Earner Levy changes
The PAYE tax is actually made up of two components – the main being tax, the other being a portion of the ACC Earner Levy that funds the ACC scheme. After increasing steadily for a few years, the Earner Levy is dropping for 2012/13 from 2.04% to 1.7%. While not a massive decrease, it does mean lower PAYE overall for your employees, which will be appreciated.
You don’t need to do anything to manage this change. Your payroll software will manage this automatically once you install MYOB Payroll 2012. Read more
Advice from Accountant – How to be ready for EOFY
The end of financial year is typically a busy time for many accountants and businesses. However, Anil Lamba, MYOB Certified Consultant and director of Reliance Biz Services, says the key to a seamless transition is for business owners to work with their financial advisor throughout the year.
“Don’t wait until the end of the year,” says Anil. “Working with a financial advisor at regular intervals during the year can help a business owner identify any issues that could arise at the end of financial year, such as incorrect transaction dates, foreign exchange rates or inventory. Read more
Five seemingly small things that will make a big difference to the way you use AccountRight
Recently I have had the opportunity to spend time with our Seminar Presenters on the upcoming AccountRight Masterclass seminars, and had got an in depth look at the newest version of our much loved AccountRight software.
It took me back to the day we released Premier version 12, the whole interface had moved away from a grey background to the current white look. Most of the clients I spoke to thought it looked great, and while a handful thought it was too ‘bright’, they generally appreciated the cleaner, sleeker look. Read more
The old saying goes ‘two things in life are certain – Death and Taxes’. I’d like to formally request that this saying is altered to be ‘three things are certain in life – Death, Taxes and Deadlines’.
The consequences of missing these deadlines though can range from missing your bus to angry wife or even losing your job (or perhaps even scarier losing your job and making your wife angry).
So here are six tips to help you stay on top of your tasks and meet those deadlines every time, while hopefully avoiding those all-night work marathons we’ve no doubt found ourselves doing from time to time. Read more
For anyone who knows me out in the ‘real world’, they’ll definitely know that anything by Michael Buble has never been on my iPod play list. And that’s not due to me having no appreciation for what it is he has to offer to the musical world and his adoring audiences, his music is just not my cup of tea. Read more
Don’t you love this time of year, it’s all about spend, spend, spend, shop, shop, shop and worry about it next year. I am sure it is not just us girls who feel like this.
The pressure to purchase goods for ourselves and others is huge at this time of year. All our children or grandchildren need the latest toys; men need the latest gadget, and every girl regardless of age need jewellery, that’s what the advertisers seem to tell us… Read more
If you’re anything like me, ‘editorial strategy’ invokes images of a news board room. Clark Kent and Lois Lane running around in those news hats with little bits of paper sticking out of them, trying to put the paper to bed for the night.
But believe it or not, an effective and well thought out editorial strategy will play a key element in the success of your blog.
At ProBlogger event, Darren brought out some heavy hitters to talk strategy with us. Sonia Simone, (who I raved about back here), Sally Bagshaw (owner of the brilliant copywriting business Snappy Sentences) and Lucy from The Design Files – all who know a thing or two about creating great content. (and have probably already found several grammatical errors in this post already!) Read more
Part Four in our series on business blogging.
You’ve started a blog and created some content – why aren’t people flocking to your site?
The reality is, unlike the movie starring Kevin Costner, you can’t just build a great site and sit back and watch everyone comes to read your articles. You need to go out and gather a tribe of people to follow you.
So where do you start? Read more
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