Payroll Training Using MYOB

If you have an owner-operated business you can claim to be part of the most dynamic force in the current world’s economy. However, many owner-operator businesses are plagued by limited resources and the heavy burdens of day-to-day administration. If payroll issues are leaving you frustrated and at a loss, then how about finding the perfect solution? MYOB is an international provider developing and delivering award-winning software, services and support for businesses and accounting practices alike. With over 700,000 businesses and accounting practices using MYOB products in five countries across the Asia-Pacific region – why aren’t you? MYOB has the knowledge and expertise to help you build your business, and make your job just that little bit easier. Using local knowledge and expertise, MYOB can give your business the certain edge that it needs. MYOB also works with accounting practices to ensure that their processes are as efficient as possible, and to make the most of their productivity. This focus on both business owners and accountants, further strengthen the links between them so that everyone can benefit.

MYOB Payroll

You don’t need to be told about the time and effort it takes (not to mention the stress that it causes) to prepare the payroll, track employee leave and maintain your employee records. Not to mention the burden of keeping up with all the tax and legislation changes. But MYOB has a solution. The MYOB EXO Payroll Software is an all-in-one management tool to help you calculate accurate earnings, taxes and deductions automatically. It also lets you track labour costs, analyze trends and create detailed management reports. It does each of these functions for you, all in the comfort of your very own office, on your own PC. Some other key features include the ability to interact with electronic banking and the tax office; the ability to automatically accrue leave and handle payments in accordance with legislation; and the ability to export to MYOB Premier and EXO Business, as well as most other accounting systems. We also recommend that you combine the MYOB payroll software with EXO Employee Information, EXO Time and Attendance and EXO Timesheets, for even more ease and efficiency.

MYOB Training

MYOB not only provides an exhaustive list of software products to help you and your business thrive, but also the support and training you need to get the most out of your products. MYOB Training is a Registered Training Organisation (RTO) authorised under the Australian Qualifications Framework (AQF). This accreditation allows MYOB to train and assess students against selected units of competency. MYOB Training for MYOB Accounting, Accounting Plus and Premier products include: bookkeeping, setting up, and day-to-day processes; advanced processes, and business reporting and analysis; payroll management, end of period reconciliation and BAS, inventory management and accounting software. MYOB also provide training to accompany the BusinessBasic and RetailManager software. Some training is available online, though most training is held for between 0.5 and 4 days in a classroom training environment and led by a competent and reliable instructor. The courses are held in various locations around Australia in almost every State and Territory. The cost of the courses range from around $99 up to $979, depending on the type of training program you select. Plus it is also useful to note that booking more than one course may provide discounts to the cost of the courses.

Payroll Training

The payroll training session is a one-day, instructor led course that offers a number of skills and areas of knowledge to be gained. MYOB Payroll training can teach you or your employees how to set up payroll, link payroll accounts, enter general payroll information and employee payroll details, process adjustments to correct errors and process employee pay runs. You will also learn to print pay slips, pay employee electronically, sort out PAYG and Superannuation (and managing you superannuation obligations) and managing your annual leave and sick leave accruals. It also covers user access and payroll restrictions, customising payroll categories, loading tax tables, doing reconciliations, producing end of year payment summaries and staring the new payroll year. With the wide range of knowledge and skills to be gained from using MYOB software and training, can you afford not to take part?

Which Business Opportunity Is For Real?

Any MLM business opportunity worth considering will either have a track record that you can investigate and evaluate or it will have a clear statement of the plan, the potential, and the up-front costs.

Before investing any time or money in a specific MLM business opportunity, there are some questions you should consider first.

How long has the business opportunity been in business? Before investing time and money in marketing an MLM business opportunity, it is important to determine how long it has been operating.

If it is a new concept that has not been proven in the marketplace, you have no assurance that it will even work.

Does the company have a fixed address and phone number? This may seem obvious to you, but the fact is, thousands of companies operate with nothing more than a website and an email address.

Many of them are here today and gone tomorrow. Make sure the business you intend to deal with has a fixed address, physical location, and established phone number.

Does the MLM business opportunity have some successful members you can talk to? Most business opportunities will show you testimonials. But these are often untrustworthy.

They could even be completely fabricated. Ask the owner of the business for names of real people you can talk to. Call them on the telephone and ask them to share their experiences with the program.

This will not only provide you with valuable first-hand information about the program, but it will give you a list of advisors who might be willing to help you along the way.

How much initial investment is required? In many cases a proven MLM business opportunity with a successful track record will involve some kind of initial investment.

You should not assume that a business opportunity that is free to join is a better investment. Usually a free-to-join business will involve other costs such as marketing and advertising fees. Just keep in mind that nobody gives away “opportunities” for free.

What you have to determine is whether a specific MLM business opportunity has a successful track record, is managed by honest people and offers you a realistic chance of actually making some money.These are the things you must weigh against the entry costs.

What is the realistic income potential of the business? Have a careful look at the numbers and projections provided by the business opportunity. Then talk with actual members who are using the program to determine if they have been able to turn those numbers into reality.

Are there extra fees such as yearly or monthly subscription fees, shipping costs, or minimum purchase requirements? Make sure to get a detailed list of all the fees involved in operating the new business. These things may not seem significant now, but they can easily eat into your profits later.

How much control of your new business will you have? Be clear on who owns the business, and who controls the way it is developed and marketed. You may want to diversify your product offerings in order to avoid being at the mercy of a “head office.

The MLM business opportunity should require low initial investment and have high profit potential both in the short term and in the long term. It should allow you to build a profitable business of your own that will be a source of income far into the future.

5 People Who Need to Hire a Tax Attorney

If you think that being in debt to the IRS is stressful in and of itself, try coming face to face with an IRS auditor or getting correspondence from the IRS listing your back taxes plus the penalties and interest that are quickly accumulating. In other words, if you find yourself in an IRS-related predicament, you need to deal with it immediately and you need to enlist the assistance of a professional. So if you find yourself in any sort of uncomfortable position with the IRS, the wisest move you can make is to hire a tax attorney. What might those positions be? Here are five:

1. You pay taxes. Yes, tax attorneys can help anyone, whether a business owner, owner of a large estate, or just a regular citizen. And it’s never a bad move to consult with one regularly in order to avoid future tax problems. Tax attorneys can help you organize your paperwork and keep your records straight, which can reduce a lot of personal stress.

2. You owe back taxes. If you or your business owe back taxes and find yourself unable to pay them in full, you need a tax attorney. There are many reasons why an individual or business might not file back taxes. Some simply don’t think the IRS will notice. Others choose not to pay taxes because they can’t afford to at the time. The truth is that there are employees of the IRS whose sole responsibility it is just to look for individuals or businesses that don’t file taxes. It’s a serious issue to the IRS and they will treat it as such. That’s why you need a tax attorney on your side.

3. You’re negotiating anything with the IRS. You may be negotiating back taxes or addressing an audit. Regardless of what it is you’re discussing with the IRS, you need a tax attorney working for you. Tax attorneys know the lingo. They know the loopholes. They know where the grey areas are in the tax law and how to make those loopholes work in your best interest. They can not only speak the language, but they can make sure you only pay the minimum amount required to the IRS.

4. You’re considering bankruptcy. There seems to be an overriding attitude in this country that filing bankruptcy can solve all of an individual’s financial problems. In reality, bankruptcy laws are very strict and often involve much more trouble than most people realize. A tax attorney can not only help you decided if you should file for bankruptcy but can also make sure you do it by the book.

5. You own your own business. Any small business owner should use the services of a tax attorney. It is quite difficult to keep paperwork in order, which can be a problem if you find yourself subjected to an audit. A tax attorney can help you organize all pertinent information so that it can be easily produced in the event of an audit. Organized paperwork not only makes you look more professional in the eyes of the IRS, but it also shows that you take the process seriously. A tax attorney can also help you determine your options regarding tax returns so that you can save the maximum amount of money and reinvest it in your business. They can also point out which deductions you’re not taking advantage of and can help you get the biggest refund you can.

Many people approach consulting a tax attorney with much trepidation, fearing that the cost will be prohibitive, but the fact is that the services provided by a tax attorney can actually save an amazing amount of money for you or your business in the long run.

Business Directories

The Internet has changed buying behaviours to the extent that customers habitually research suppliers of goods of services online long before they seek to make a purchase. In fact, increasingly the actual purchase transaction now occurs completely within the online environment – meaning if you can get the customer to your online space, you have a chance of making a sale then and there.
This considered, business directories can be compared to full time sales staff; answering customer queries about where to find a particular product, service or business segment (including the non commercial and public service) and directing them accordingly via a convenient web link.
Local business once meant a street presence
Occupying a main street frontage in a local community used to be the standard model for local business operators. Butchers, retailers, food outlets and other business serving the local community could be found in prime positions on the main streets of the locality. Quite apart from the fact that your ‘local’ butcher may now not occupy any local real estate at all; preferring to operate wholly online, customers are now less willing to linger in main thoroughfares as they seek ever greater efficiency and convenience from suppliers.
Put simply, local customers have adjusted to the conditions of an online world. There is little need to sit down with a travel consultant when the entire transaction can be researched for price and inclusions and finalised online. Even a trip to the local supermarket can be avoided by organised shoppers who make their purchases online in the convenience of the home; with no supermarket lines or runaway shopping trolleys.
Online street presence
To compete in the world of local business, real street presence has been supplanted by virtual presence or an online profile. Part of the equation is setting up shop in a pleasant, user-friendly online space; though not even nearly sufficient in and of itself.
Physical street presence comes at a much higher cost than its online equivalent, with prime positions attracting high rents due to the regular foot traffic, business exposure and likelihood of unsolicited off the street custom. This can happen in the online world also, but requires significant efforts to position the site correctly and strategies to drive internet traffic in the right direction.
There are varying ways to increase online traffic; back links, promotions and giveaways, community presence at local events, cross promotion with other community websites and local businesses and a myriad of other marketing strategies which harness the power of the online world to reach local households and businesses.
Local business directories are like an online phone book
While we already have access to an online version of the standard phone book, enhanced with additional goodies using the unique strengths of the internet, local business directory is a different proposition in that it serves the needs of a particular community grouping.
Often the scope is wide: such as industry based, or state or regional in focus. Consumers may then filter down to their specific requirements. By listing in a number of differently focused directories, local businesses increase their reach across the community in varied ways. This provides additional touch points with the consumer and assists in building familiarity and customer loyalty.
A complement to search engines
The prevalence of search engines as an everyday research tool has trained modern consumers in basic research methodologies; customers generally have a good idea what they are searching for and what keywords to enter to increase their percentage of useful hits.
Internet business directories help customers by filtering one level for them without any more effort being expended; simply by going to the directory as a starting point rather than the standard internet-wide search engine. Now they know that all the hits will be relevant to their locality: no strange pizza place on the other side of the world popping up unexpectedly.
Experience with search engines has trained internet users to expect great results and to be impatient with nonsense hits and keyword stuffed content that causes them to waste unnecessary clicks on useless information. A directory can remove a lot of this clutter, engendering a more positive frame of mind as the customer peruses the options.
Closing the deal without saying a word
A really great site which is easy to use and offers a clear and simple means of processing payment is best geared to operate as a virtual shopfront. Internet directories usually allow a range of contact details to be provided, but ideally the transaction can be undertaken without any need for manual intervention.