Survey: Small Business Owners Worried as Running Cost Rise

Posted by Shoebooks Team in Wednesday, December 7, 2011

The soaring of running costs are driving small business owners to become more pessimistic. However, they are seen to bounce back according to a national happiness survey.

Only 48 percent of businesses are expecting an improved performance in the coming 6 months, according to Westpac Local Business Sentiment Survey. Furthermore, it said that this figure is 11 points down from the May survey. Among those that cause the biggest worries are increased costs and declining revenue.

From just 33 percent, there are already 40 percent of respondents who now believe that it is becoming more difficult to run a business.

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EU shake up Audit Market: Accounting Software users' Revamp Operations

Posted by Shoebooks Team in Monday, December 5, 2011

The £600 million audit market is now under scrutiny as it faces a major shake-up.

As authorities attempt to make improvements on standards across the board, some of the audit industry's largest users of software for accounting may soon be asked to reorganize their operations.

With city firms, large companies and smaller accountants who have been using accounting software for small businesses have been expressing their concerns for several years of the "Big Four" - PwC, KPMG, Deloitte, Ernst & Young – and their stranglehold on one of the most important cogs of corporate British life. Michael Barnier, internal market commissioner at the European Union has told the “Big Four’ that splitting their European bodies could be the key to an upturn in quality and opening up of the market.

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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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