Australian Government Surplus-Saving: 10 Key Points

Posted by Shoebooks Team in Thursday, December 1, 2011

With the Mid Year Economic and Fiscal Outlook statement revealing a drop in the revenue for the next four financial years amounting to a whopping $20 billion, Wayne Swan, Federal Treasurer, has been prompted to put a halt to spending in order to save the 2012-2013 budget surplus promised to the Labor.

"We are experiencing the worst bout of global instability since the global financial crisis,” said Mr. Swan.

Though the economy of Australia is seen by the Treasury to grow by 3.25 percent in the financial year 2011-12, Mr. Swan is still trying to illustrate the global economy and its impacts on Australian economy using the MYEFO report.

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Australian SME Businesses Not Happy with Federal Government

Posted by Shoebooks Team in Tuesday, November 29, 2011

An MYOB report reveals that about half of Australian SMEs are now dissatisfied with the federal government. The rage of these small and medium businesses has reached a three-year high. From just 31 percent during the last three months, the number of dissatisfied SME’s has soared to 56 percent recently.

Only 14 percent of the 1000 surveyed business owners in October say they are happy. This shows a decrease from the 27 percent last August.

According to Tom Reed, MYOB Chief Executive, business owners are a pragmatic group and they may be appeased if the government takes some straightforward measures.

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VMware Releases New Cloud Computing Solution

Posted by Shoebooks Team in Wednesday, November 23, 2011

The release of a new cloud computing solution has been confirmed by VMware, a leading virtualization company.

The new vCloud Connector 1.5 is aimed to make public and hybrid clouds a reality for businesses. This was stated through the company’s official blog. Among its top features is being able to transfer between cloud-based portals certain company data with such ease, efficiency, and speed.

More specifically, the vCloud Connector 1.5 features include:

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Former Dragons' Den James Caan Talks Cloud Computing

Posted by Shoebooks Team in Monday, November 21, 2011

The amazement that cloud computing brings is not only felt by small and medium-sized business owners but even by celebrities and big business people alike. This time, no less than James Caan was pleasantly surprised when he was offered to invest in the online accounting software.

The businessman and entrepreneur who stars the hit BBC show, Dragon’s Den, spoke to the Ahead in the Clouds event in London where he was quoted for saying that he was won over by the cloud’s technology earlier this year.

”It (cloud computing) has changed the landscape quite significantly. Companies no longer need to have large bulky archives with all their databases written on papers. Cloud computing enables all this information to be stored online in a digital format, with little limitations on size,” he said.

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Almost Half of SME Businesses are Using Cloud Computing

Posted by Shoebooks Team in Wednesday, November 16, 2011

At present, half of firms are already adapting cloud computing in their business processes after being convinced of the technology’s benefits. According to a new research by Spiceworks, a social business network company, a good 46% of the total 1,200 small and medium-sized businesses is already using this online accounting.

In CloudPro’s report, this figure reflects an increase from what only used to be 28% who were using the Australian accounting software earlier in 2011.

"Despite market fluctuations, 2011 proved to be a great year for disruptive technologies as SMBs increasingly adopted tablet computers, cloud services and virtualisation technology," says Jay Hallberg who is the co-founder and vice-president of marketing at the research study.

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Cloud Computing Services for SME Businesses

Posted by Shoebooks Team in Monday, November 14, 2011

Cloud computing has been considered helpful and efficient by many small businesses. This is because IT functions such as database servers, file servers, document storage, and application development are given an alternative.

There are many advantages that can be achieved by any business that engages in cloud computing. The following is a rundown of these.

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SME Business in Queensland Slammed $7 Billion Charges Annually

Posted by Shoebooks Team in Thursday, November 10, 2011

As the government red tape is increasing more than 30 per cent over the past five years, a total of $7 billion a year in taxes, fees, and other charges are slugging small businesses in Queensland.

Family businesses in Queensland are struggling through 90,000 pages of regulation that govern the sector.

Burgeoning paperwork and some extra cost of taxes are being blamed by a huge chunk of operators as the reasons behind slumped growth and progress. These paper works include mandatory permits and licenses, calculation methods, audits by payroll tax officials, and the fear of what might be brought about by the carbon tax next year.

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