Small businesses must manage their debtors better or risk wasting time chasing bad debts, says credit risk information supplier Veda Advantage Ltd."Unfortunately most small businesses are unaware of the simple and inexpensive protective measures they can apply to minimise bad debt," said Erica Hughes, Veda Advantage's general manager for information services and solutions.Ms Hughes said ...

from Heather Smith ~ MYOB Certified Consultant

Recent changes to super law will impact on employer's obligations. In late May we will be writing to employers to explain these changes. If you are listed as the employer's contact you will receive this letter. From 1 July 2007: * when an employee provides a tax file number (TFN) declaration, employers must give the ...

Answer : A stand alone package means that it is working without requiring interaction from other packages.You do not for example need to have an add-on solution, and you do not need to link it to another piece of software to ensure it works.I am not sure why you are asking the question. I highly ...

For your small business to succeed in Australia you need to have a good financial system in place. Do you?from Heather Smith ~ MYOB Certified Consultant

We are a small business (independent contractor) who needs help with tax issues and day to day finance. We don't want to get ripped off again. We want to grow and move forward. We have made mistakes in the past, like most people, but need someone we can trust. Friends and family are no help ...

ScenarioProblemWorking on the latest version of MYOB, using a file yet to be activated. When I run the COMPANY DATA AUDITOR, the Reconcile Tax code details with linked accounts displays an Out of Balance amount for the GST Paid.Tax Code Reconciliation Exceptions01/01/07 to 31/3/072-3030 GST PaidExpected Account balance on 31/3/07 -$12152.41Actual Account balance on 31/3/07 ...

Are you starting the business, with the intention of selling the business down the track? It may be easier to sell a generically named business, than one with your own personal name.You know what your business intends to do, in its first year, but from my experience dealing with businesses, what they start doing and ...

Technorati Profilefrom Heather Smith ~ MYOB Certified Consultant

  Google AdWords Keyword Tool   Google Insights   Yahoo tool to find your website’s inbound links http://www.yahoo.com and enter the following search term: linkdomain:www.yoursite.com.au   SEO BOOK – subscribe for free 7 day course   Google Analytics   Google Local Business Centre from Heather Smith ~ MYOB Certified Consultant