Displaying items by tag: MYOB Business Monitor

Australian small- and medium-sized businesses have called for government to introduce more small business-friendly policies, including the reduction of red tape, simplification of reporting processes and further business tax cuts.

Finding new staff, dealing with payroll compliance, the ability to dismiss employees and end-of-year paperwork are major problems for small business owners, according to a newly released report which reveals the significant pressures weighing down SMEs in managing their businesses.

Small business owners believe that the company tax rate should be cut for Australia to remain globally competitive, and if the rate was lowered many of the SMEs say they would be more likely to invest the savings back into their business.

Being their own boss and controlling their destiny is the number one motivation for people starting a business, according to the latest survey of SMEs by accounting
software company MYOB.

Australia’s small business owners are looking for the Turnbull Government to bring in measures that make doing business easier. The SMEs want to see more happening with business and economic reform, as a newly published business monitor shows small business dissatisfaction with government at its lowest ever.

The latest MYOB Business Monitor survey shows almost half of the respondents think being connected to the NBN would help their business.

Australia’s small businesses are doing okay in a tough economic environment, but they are not out of the woods yet. While revenues for many have remained relatively stable, more small businesses are still reporting declining revenues than those enjoying revenue growth.

Online accounting software provider MYOB already has more than 50% of new customers signing up for delivery of services via the cloud, but despite the accelerating take-up of cloud services has today launched a new ‘cloud confidence” campaign to encourage SMBs to “get savvy” with cloud computing.