6 ways SMEs can kickstart the new financial year The new financial year is not just about a change of date — it’s a chance for you to set fresh goals and take your business to new heights. As we start a new financial year, it’s the perfect time to shake up your routine and inject new energy into your work life. Whether it’s finding smarter ways to manage your finances or not leaving things to the last minute, we speak to MYOB Partner Success Managers Ian Barron and Tess Jolly about how you can kick off this year on a high note. Get everything online The best new year’s resolution for your busi ..read more

Top tips to minimise your tax this EOFY At MYOB, we’re no strangers to the complexities of tax season. We know that the end of the financial year (EOFY) isn’t just a time to tally up your successes — it’s also a chance to minimise your tax liabilities. We spoke to Laura Mason from Team Bookkeeping and MYOB Partner Success Managers Tess Jolly and Ian Barron about what you can do to minimise your tax this EOFY. 1. Use MYOB e-filing for faster filing Firstly, the MYOB e-filing software provides a detailed GST report, which can be sent directly to the Inland Revenue Department (IRD). Tess says tha ..read more

9 common GST mistakes for small businesses Steering through GST rules can be quite a task when you’re running a small business. You think you’ve got it all figured out, but you run into an unexpected issue and it’s back to square one — or worse, IRD penalties. With the help of bookkeeper Laura Mason and MYOB Partner Success Manager Ian Barron, we’ve compiled a list of nine easy-to-miss GST mistakes that could trip you up. 1. Not registering for GST on time If your turnover exceeds NZ$60,000, you need to register for GST. Late registration can result in penalties, and registering early cou ..read more

Payroll headaches at EOFY? Here’s how we can help. Feeling rushed? It must be EOFY time again. Everyone has their paperwork to do and their tasks to tick off. If you’re in the payroll team, every payment must be filed by 31 March to fall within the current financial year — no small feat. You need to accurately finalise employee earnings, tax withholdings, KiwiSaver and benefits. It’s a high-stakes balancing act between thoroughness and efficiency. We spoke to MYOB Partner Success Manager Ian Barron about how MYOB can make EOFY easier: 1. Automation of payroll processes Firstly, MYOB’s payroll ..read more

How To Manage Tax Time For Your Business The end of the financial year (EOFY) can often feel like you’re running a marathon with the finish line always moving further away. The good news is that with the right approach and tools, you can own tax time and reach that finish line faster.   We spoke to Laura Mason from Team Bookkeeping about managing EOFY without the last-minute panic. 1. Start early to avoid the rush Laura’s most important piece of EOFY advice? “Be proactive rather than reactive.” That means incorporating EOFY tasks into your routine year-round so that when the deadline appr ..read more

5 last-minute EOFY tips for SMEs As the clock ticks down to the end of the financial year, you might find yourself in a familiar scramble. You’re sifting through piles of paperwork, digital receipts and a year’s worth of financial decisions. And all while running your business as usual. Fortunately, it’s not too late to make some smart moves that could significantly impact your tax liability. Here are our top five EOFY tips and tricks from Team Bookkeeping’s Laura Mason: Max out your digital deductions Whether you’re adopting an e-commerce platform, streamlining operations with cloud-based sol ..read more

Crush the Numbers: Mastering EOFY webinar Recently, MYOB hosted the Crush the Numbers: Mastering EOFY webinar, which was a great opportunity to showcase how the MYOB business management platform can make EOFY a breeze for bookkeepers, accountants and their clients. Along with host Leanne Berry, MYOB’s Community Relations Manager for Bookkeepers, the webinar featured some great insights from Laura Mason, Owner of Team Bookkeeping and Secretary with ICNZB, Tess Jolly, MYOB’s Partner Success Manager, and Jono Simko, MYOB’s Financial Services Manager. Insights into a successful EOFY Laura kicked t ..read more

How to help your clients get paid faster*: a guide to online invoice payments for MYOB Partners As an MYOB Partner, you are crucial in driving business innovation and helping your clients optimise their operations, boost cashflow and secure their business future. Online invoice payments are a powerful tool to improve clients’ payment processes for MYOB Business and AccountRight users through the MYOB business management platform. To help your clients maintain a competitive edge, suggest offering popular payment options and enabling online invoice payments to boost cashflow. This will help your ..read more

How to boost cashflow and efficiency in your practice Here’s a game-changing fact: of more than 110 million New Zealand MYOB invoices, those with online invoice payments enabled were paid up to 5x faster than those without.* As an accountant or bookkeeper, getting paid on time is crucial to maintaining a healthy cashflow. By incorporating online invoice payments into your invoicing workflow, you can significantly reduce late payments, spend less time on admin, and improve customer experience. This article explores the benefits of using online invoice payments in your practice. It addresses com ..read more

A New Zealand bookkeeper explains EOFY Tips and Tricks for Achieving a Successful EOFY with Clients As a bookkeeper, you know how important it is to prepare for the end of financial year (EOFY) and help your clients get their books in order. But how do you manage the workload, the deadlines, and the expectations of your clients? How do you ensure that you deliver quality service and maintain a good relationship with your clients? To answer these questions and gain some valuable insights, I sat down for a chat with with Sue Inkersell, Director of 3rd Arm Admin in Wellington and Hamilton.  ..read more