Australian SME Business News and Accounting Articles

Commissioned by Google, Vanson Bourne had conducted a research that questioned 100 senior executives within the finance departments at UK companies.

According to the research, data revealed that there are 93% of financial decision makers that believe that cloud computing, of which online accounting is one of the examples, will be an important element to the success of their businesses over the next couple of years.

This year may be quite different considering the tax changes that have and will be implemented. It is best to be acquainted and informed about these to avoid being sanctioned by the IRS as well as to better know one’s rights.

Millions of SME’s are not aware of how they could save business energy by using cloud computing, says E.ON.

According to a research by energy provider, E.ON, there are around 90% of SME’s that don’t understand that they could significantly reduce the amount they spend on IT energy by using cloud computing.

Cloud computing is a general term for anything that involves the delivery of computing and storage capacity as a service to a heterogeneous community of end-recipients over the Internet and entrusts these services with a user's data, software and computation over a network and are stored on servers at a remote location such as those involved in online accounting that stores accounting data entered into a network and stored on servers at a remote location.

Every small business needs to have bookkeeping software to ensure that everything goes smoothly including the cash flow of the business. Checks and balances have to be monitored because the slightest error in bookkeeping can spell a big disaster for the company. And with the uncertain economic times the world is facing, it is only necessary to get that accounting software that suits one’s business.

If you haven’t yet made use of your accounting software to do the calculating of your taxes for you, then it’s time to do so.

As the end of financial year is fast getting closer, now is the time for small businesses to start getting their tax in order, using their small business accounting software, and to psych up in leveraging some law changes set to commence in the new financial year.

Branding is very essential in businesses. No customer will ever want to deal with one that is not known in the industry it plays in. Even in buying small stuff, it is important to go for those which are known and reliable in the business world.

Last week, After the release of strong domestic employment data figures, the Australian dollar surged back towards parity with its US counterpart.

The Australian dollar had risen to 99.54 US cents in late afternoon trading. Just before the data was released, it was trading at 98.97 US cents.

The Australian Bureau of Statistics had recently released employment data that showed there were 38,900 more people who had found jobs in May.

However, there was an increase of 0.1 per cent to 5.1 per cent in the unemployment rate, as economists had forecast.